GR Infraprojects Bags Pune Ring Road Project

GR Infraprojects Ltd. has been awarded the contract for the construction of a crucial segment of the Pune Ring Road (East). The ₹1,947 crore project, commissioned by the Maharashtra State Road Development Corporation (MSRDC), covers 16 km between Sonori (81+900 km) and Garade (97+900 km) in the Purandar region of Pune. 

The timeline? A tight 1,095 days from the start date.

Pune Ring Road Plan

This project aims to develop an access-controlled stretch to ease traffic flow and improve connectivity across the region. GR Infraprojects secured the bid during the financial bid opening held on January 13, 2025, emerging as the lowest bidder (L-1).

Other Wins in the Bag

The Pune Ring Road isn’t GR Infraprojects’ only project recently. The company wrapped up the ₹2,187 crore Vadodara-Mumbai Expressway project, which included constructing an eight-lane expressway from Vadodara to Kim in Gujarat. This project started off in December 2021 and is now complete.

Additionally, they’re also working on a ₹904 crore metro project in Nagpur, a contract awarded by Maharashtra Metro Rail Corporation Ltd., further adding to their infrastructure portfolio.

Financial Performance 

Despite bagging big projects, Q2 FY25 wasn’t the brightest for GR Infraprojects on the financial front. Their net profit dropped by 11% year-on-year to ₹193.28 crore, with revenue from operations taking a hit of nearly 26%, landing at ₹1,394.33 crore.

As of 1:36 PM on January 14, GR Infraprojects’ stock is trading at ₹1,294.25, up ₹17.10 (1.34%) for the day, showcasing a decline of 25.83% over the past six months but a gain of 15.94% over the past year.

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