G R Infraprojects’ wholly owned subsidiary — GR Bhimasar Bhuj Highway has executed the concession agreement with the National Highways Authority of India (NHAI) on May 30, 2022. The company has executed the concession agreement for upgradation to Four Lane with Paved Shoulder of NH-341 from Bhimasar, Junction of NH-41 to Anjar – Bhuj upto Airport Junction, Km 0.000 to Km 65 .478 in the State of Gujarat on Hybrid Annuity Mode. Bid project cost for the said project is Rs 1085 crore.
Completion period of the project will be 910 days from appointed date and operation period is 15 years from commercial operation date.
G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
G R Infraprojects is currently trading at Rs. 1415.00, up by 16.30 points or 1.17% from its previous closing of Rs. 1398.70 on the BSE.
The scrip opened at Rs. 1400.05 and has touched a high and low of Rs. 1420.00 and Rs. 1400.00 respectively.