Hot Pursuit     23-Mar-23
G R Infra spurts on emerging as L-1 bidder for Rs 1,227-cr project in UP
G R Infraprojects jumped 7.43% to Rs 1,040.95 after the company emerged as lowest (L‐1) bidder for tender invited by National Highways Authority of India (NHAI) for a road project amounting to Rs 1,226.87 crore in Uttar Pradesh.

The scope of the project entails four laning of NH 530B from Devinagar Bypass to Kasganj Bypass in the state of Uttar Pradesh on hybrid annuity mode.

The bid project cost stood at Rs 1,226.87 crore. The construction is expected to be completed in 730 days from appointed date and the operation period is 15 years from the commercial operation date.

Meanwhile yesterday, G R Infra announced that Dibang Power consortium, a joint venture between the company and Patel Engineering, has emerged as lowest bidder (L-1) for construction of civil works project in Arunachal Pradesh. The bid project cost is Rs 3,637.12 crore and the share of GR Infraprojects in the contract is 50%.

Further, the EPC company also announced that it has emerged as L‐1 bidder for the tender invited by National Highways Authority of India (NHAI) for a road project amounting to Rs 872.17 crore in Maharashtra.

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company largely focused on road sector. The company has also recently diversified into projects in the railway sector.

The company's consolidated net profit zoomed to Rs 323.65 crore in the quarter ended December 2022 as against Rs 145.48 crore during the previous quarter ended December 2021. Net sale rose 12.10% YoY to Rs 2,191.88 crore in Q3 FY23.

Previous News
  G R Infraprojects consolidated net profit rises 40.90% in the March 2023 quarter
 ( Results - Announcements 19-May-23   07:30 )
  G R Infraprojects consolidated net profit declines 25.01% in the December 2023 quarter
 ( Results - Announcements 13-Feb-24   07:38 )
  GR Infraprojects to announce Quarterly Result
 ( Corporate News - 07-Feb-23   16:34 )
  G R Infraprojects successfully bids for NHAI road project in Rajasthan
 ( Corporate News - 28-Mar-22   12:32 )
  GR Infraprojects to convene board meeting
 ( Corporate News - 04-Feb-22   13:53 )
  G R Infraprojects' DelhiĀ]Vadodara Greenfield expressway project achieves financial closure
 ( Corporate News - 03-Nov-22   13:13 )
  Volumes jump at G R Infraprojects Ltd counter
 ( Hot Pursuit - 21-Sep-23   11:00 )
  G R Infraprojects consolidated net profit rises 9.63% in the September 2021 quarter
 ( Results - Announcements 13-Nov-21   16:27 )
  G R Infraprojects completes highway upgradation project in Uttar Pradesh
 ( Corporate News - 10-Jan-24   14:17 )
  G R Infraprojects consolidated net profit declines 23.47% in the June 2023 quarter
 ( Results - Announcements 11-Aug-23   17:06 )
  G R Infra gains as arm executes concession agreement with NHAI
 ( Hot Pursuit - 07-Jun-23   09:50 )
Other Stories
  3M India spurts as PAT climbs 27% YoY to Rs 173 cr in Q4
  28-May-24   17:17
  Ingersoll-Rand slides after Q4 PAT drops 5% to Rs 64 cr
  28-May-24   16:35
  TTK Prestige Q4 PAT drops to Rs 57 cr; declares dividend of Rs 6/ share
  28-May-24   16:09
  Shalby Q4 PAT climbs 15% YoY to Rs 16 cr
  28-May-24   15:42
  Dreamfolks Services slips as PAT slides 29% YoY in Q4 FY24
  28-May-24   15:21
  TVS Supply Chain records turnaround Q4 numbers
  28-May-24   15:04
  Inox Wind Ltd leads losers in 'A' group
  28-May-24   15:00
  Sundaram Brake Linings Ltd leads losers in 'B' group
  28-May-24   14:45
  Volumes spurt at Concord Biotech Ltd counter
  28-May-24   14:30
  Real Estate stocks slide
  28-May-24   14:00
Back Top