Hot Pursuit     04-Jul-23
G R Infra executes EPC agreement for Rs 587-cr project
G R Infraprojects announced that it has executed the engineering procurement and construction (EPC) agreement with the East Coast Railway on 3 July 2023.
The scope of the project entails construction of tunnel work between Adenigarh – Purunakatak, consisting of tunnel‐T4, T5, T6 & T7 and allied works of Khurda – Bolangir new rail line project in east coast railway.

The cost of the project is Rs 587.59 crore. The completion period for T-4 is 30 months, T‐5 & T‐6 is 18 months and T-7 is 24 months.

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 jumped 40.9% to Rs 389.68 crore on 2.7% rise in revenue from operations to Rs 2,461.96 crore in Q4 FY23 over Q4 FY22.

The scrip rose 0.30% to currently trade at Rs 1,288.30 on the BSE.

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