Key Points of GR Infra NHAI Project in Bihar:
- GR Infraprojects Ltd. is the L-1 bidder for a tender by the National Highways Authority of India (NHAI) for a 6-lane greenfield highway project in Bihar.
- The bid cost for the project is Rs 1,248.37 crore and it spans a distance of 33.5 km under the Bharatmala Pariyojana.
- The project is expected to be completed within 2 years from the date of appointment, with an operation period of 15 years from the commercial operation date.
- GR Infraprojects has also secured a Letter of Award (LoA) for a project worth an estimated Rs 758.1 crore to develop a Multi-Modal Logistics Park in Indore, Madhya Pradesh.
- In the December quarter, the company’s profit surged over 120 percent at Rs 323.7 crore against Rs 146 crore in the same quarter last year, with revenue also rising by 12.1 percent to Rs 2,191.9 crore.
- Currently, shares of GR Infraprojects are trading 0.78 percent higher at Rs 1,037, indicating positive growth prospects for the company’s future.
Details of GR Infra NHAI Project in Bihar:
GR Infraprojects Ltd. has recently announced that it has emerged as the L-1 bidder for a tender by the National Highways Authority of India (NHAI). The bid cost for the project is Rs 1,248.37 crore. This construction engineering company has been selected by NHAI to construct a 6-lane greenfield highway that spans a distance of 33.5 km under the Bharatmala Pariyojana in Bihar on hybrid annuity mode.
The project will involve the construction of the Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village. The project is expected to be completed within 2 years from the date of appointment, and the operation period will be 15 years from the commercial operation date.
In addition to this, the company has secured a Letter of Award (LoA) from National Highways Logistics Management for a project worth an estimated Rs 758.1 crore to develop, operate, and maintain a Multi-Modal Logistics Park in Indore, Madhya Pradesh.
GR Infraprojects’ financial results are also promising. In the December quarter, the company’s profit surged over 120 percent at Rs 323.7 crore against Rs 146 crore in the same quarter last year. Its revenue also rose by 12.1 percent to Rs 2,191.9 crore compared to Rs 1,955.3 crore in the year-ago period.
Currently, shares of GR Infraprojects are trading 0.78 percent higher at Rs 1,037. This development is expected to positively impact the company’s future growth prospects.
About GR Infra:
With its expertise in designing and building different road and highway projects across 14 Indian states, GR Infra stands as an all-in-one road engineering, procurement, and construction (EPC) company.
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