Intimation regarding declaration of Appointed Date.
Awaiting price reaction for this filing.
G R Infraprojects has received the Appointed Date of 7th April 2025 from Maharashtra State Road Development Corporation Limited (MSRDC) for the construction of a 9.341 km stretch of the Access Controlled Pune Ring Road (Package PRR W5) in Pune district, Maharashtra. The project is valued at ₹1,885.63 crores and will be executed on EPC mode with a 36-month completion period. With the Appointed Date now declared, the project is officially active and eligible for billing and revenue recognition. This is a state government infrastructure order, adding to GR Infraprojects' order book in the roads segment.
Confirms a large government infrastructure project is now in execution phase, providing revenue visibility for the next 3 years and boosting order book — likely positive for the stock given the project size and credibility of the state-owned client.