G R Infraprojects wins metro project worth Rs 903 crore

Underpinned by thirty years of distinction and a prosperous family business venture, our company was established as a public limited company in December of 1995. Our journey began in 1997 with the execution of our first road project for the PWD (Public Works Department), Rajasthan, at a bid project cost of Rs. 26.50 million. Since then, we have progressively increased our capacity to execute projects of varying sizes and complexity across multiple sectors, as well as to scale up the value chain. The HAM (Hybrid Annuity Model) project was just awarded, with a bid project cost of Rs. 27,470.00 million.

An award of Rs. 903.5 crore was made to GR Infraprojects

Maharashtra Metro Rail Corporation Ltd. has awarded a contract worth Rs. 903.5 crore to GR Infraprojects Ltd., a renowned infrastructure firm, to design and build an elevated metro viaduct in Nagpur. The project is expected to strengthen the company’s portfolio and is an essential component of the Phase-2 expansion of the Nagpur Metro Rail Project. The 17.6-kilometer elevated metro viaduct, which has two unique railway spans measuring 79 and 100 meters each, is part of the contract.

The project also includes a 1.14-kilometer section with a six-lane double-decker and a vehicle underpass (VUP). One of the main attractions of Reach-1A of Phase-2 of the Nagpur Metro Rail Project is this section.

Nagpur Metro’s 30-month project completion timeline

GR Infraprojects will execute the project under an Engineering, Procurement, and Construction (EPC) framework, with a construction period of 30 months. The project’s financial bid was opened in September 2024, and the company had previously come in lowest.

Performance of G R Infraprojects Ltd.’s stock

The share price of G R Infraprojects Ltd. is currently trading at Rs. 1,654.45, with a high of 1,734.00. The market’s confidence in GR Infraprojects’ robust project pipeline is reflected in the share price’s noteworthy performance. The GR Infraprojects share price has returned 37.61% over the last twelve months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.