GR Infraprojects shares surged over 12 per cent to Rs 1,054 in Wednesday’s intraday trade on the BSE after the company received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for a highway project worth Rs 4,262.78 crore.
The project involves constructing the Agra-Gwalior Greenfield Road, divided into two sections:
Section 1: Development of a 6-lane, access-controlled highway, spanning 88.4 km from Deori village (Agra district) to Susera village (Gwalior district), covering Uttar Pradesh, Rajasthan, and Madhya Pradesh.
Section 2: Overlaying, strengthening, and implementing road safety improvements on the existing Agra-Gwalior section of NH-44, covering 90 km (chainage 13.00 to 103.00). This will be executed under the DBFOT model (Toll) as part of the NH(O) scheme.The project is expected to be completed within 910 days, the company stated in an exchange filing.GR Infraprojects, operating in the EPC and BOT infrastructure space, reported a 7.82 per cent YoY rise in net profit to Rs 261.71 crore in Q3 FY25. However, revenue from operations fell 20.6 per cent to Rs 1,694.50 crore compared to Q3 FY24.
