G R Infraprojects received a Rs 1,886 crore project from the Maharashtra Government

G R Infraprojects Limited is one of India’s fastest-growing infrastructure companies, with over 25 years of experience. We can deliver projects before or on time while maintaining the highest standards of quality, safety, financial discipline, and governance thanks to our 13,000 enthusiastic employees, best-in-class assets, cutting-edge technology, and 24/7 project execution capability. We can broadly divide our main business activities into four categories:

Project Management Services and Engineering Procurement and Construction (EPC) for Roads & Highways, Bridges, Airport Runways, Railways & Metro, Tunneling & Hydro, Power Transmission, and Multimodal Logistics Park are available. Road and highway construction, management, and maintenance employ the Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM). Manufacturing thermoplastic paint for road markings, equipment, and signage, as well as bitumen emulsions. Galvanized metal crash barriers, OHE masts, poles, and solar-mounted structures are produced.

An order for Rs. 1,885.63 crore was awarded to G R Infraprojects.

Following the announcement by the company that it had obtained an order from Maharashtra State Road Development Corporation Limited worth Rs 1,885.63 crore, GR Infrastructure’s share price increased. As stated in an exchange filing, GR Infraprojects said, “We are pleased to inform you that our company has received the Letter of Acceptance dated October 14, 2024, from Maharashtra State Road Development Corporation Limited today.”

GR Infraprojects will construct the Access Controlled Pune Ring Road in Pune District Package PRR W5, which will be 9.341 kilometers (km) long and connect the town of Haveli/Bhor in Maharashtra to the village of Shivare/Kusgaon Phase Km. 64+841 (Kilometres 55+500). The project will adhere to the terms of the order. The company estimates that the project will be completed in 36 months.

Shares of G R Infraprojects Ltd. are up 5% today.

The intraday trading of G R Infraprojects Ltd.’s stock saw a rise of over 5%, peaking at Rs. 1,705.20 per share. At present, the stock is trading at Rs. 1,644.85 per share, indicating a nearly 2% increase.

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