Issuance of Provisional Completion Certificate for "Construction of 4-lane Greenfield expressway spur from Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana ....
Awaiting price reaction for this filing.
G R Infraprojects Limited has received the Provisional Completion Certificate for its 4-Lane Greenfield expressway spur connecting Delhi-Vadodara expressway near Bandikui to Jaipur in Rajasthan, under the central government's Bharatmala Pariyojana Phase-I. The project, worth ₹1,368 crore, was executed by GR Bandikui Jaipur Expressway Private Limited, a wholly owned subsidiary, under the Hybrid Annuity Mode (HAM). The Independent Engineer issued the certificate on 19 June 2025 and declared the project fit for commercial operation from 1 June 2025. The appointed date for the project was 11 November 2022, meaning it was completed within roughly 2.5 years.
This is a positive operational milestone — the company can now start earning annuity payments on this ₹1,368 crore HAM project, supporting future revenue visibility. It also reinforces G R Infraprojects' execution track record on large government infrastructure projects.