Hot Pursuit     30-Aug-23
G R Infra gains on inking concession agreements worth Rs 1,457 cr
G R Infraprojects rose 1.57% to Rs 1,306 after its wholly owned subsidiaries signed concession agreements with National Highways Authority of India (NHAI) for the two hybrid annuity mode (HAM) projects aggregating to Rs 1,457.24 crore.
The first project contains four laning with paved shoulders from Belgaum – Hungund – Raichur Section of NH‐748A in Karnataka on HAM (Package‐5) under NH(O). The project will be developed by GR Belgaum Raichur (Package‐5) Highway and bid cost of this project is Rs 716.47 crore.

The second project pertains to Construction of four laning with paved shoulders from Belgaum – Hungund – Raichur Section of NH‐748A on HAM (Package‐6) under NH(O). This project will be developed by GR Belgaum Raichur (Package‐6) Highway and bid project cost stands at Rs 740.77 crore.

Both the projects are to be completed in 730 days from appointed date and operated for 15 years, from commercial operation date.

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 declined 23.5% to Rs 309.84 crore on 7.9% fall in revenue from operations to Rs 2,478.23 crore in Q1 FY24 over Q1 FY23.

Previous News
  G R Infra rises after emerging as L-1 bidder for Rs 741-cr project
 ( Hot Pursuit - 29-Mar-23   15:27 )
  Board of G R Infraprojects to consider NCD issuance
 ( Corporate News - 23-May-24   14:13 )
  GR Infraprojects announces board meeting date
 ( Corporate News - 23-May-24   12:47 )
  G R Infra receives LoAs from NHAI
 ( Hot Pursuit - 30-Mar-23   12:45 )
  CARE Ratings upgrades LT rating of G R Infraprojects to "AA+"
 ( Hot Pursuit - 30-Jun-23   11:38 )
  G R Infraprojects emerges L-1 bidder for two ropeway projects
 ( Corporate News - 14-Aug-23   15:53 )
  G R Infra rises as arm executes concession agreement with NHAI
 ( Hot Pursuit - 21-Jun-23   09:30 )
  GR Infraprojects to announce Quarterly Result
 ( Corporate News - 07-Feb-23   16:34 )
  G R Infraprojects gains on winning bid worth Rs 907 cr from NHAI
 ( Hot Pursuit - 22-Mar-22   13:28 )
  G R Infraprojects bags NHAI road project worth Rs 740 cr
 ( Corporate News - 29-Mar-23   15:07 )
  G R Infraprojects consolidated net profit declines 35.41% in the September 2023 quarter
 ( Results - Announcements 10-Nov-23   08:36 )
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