Latest news with #GRInfraprojects
Business Standard
4 days ago
- Business
- Business Standard
G R Infraprojects secures NHAI road project in Bihar
G R Infraprojects announced that GR Varanasi Kolkata Highway, a wholly owned subsidiary of the Company has received a letter dated 08th July 2025 from National Highways Authority of India (NHAI) declaring appointed date w.e.f. 01 July 2025 for the project Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village (From KM. 151+200 to KM. 184+700, Pkg-7, Total Length = 33.50 Km) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package-7). The contract price is Rs 1248.37 crore.
Business Standard
4 days ago
- Business
- Business Standard
G R Infra gains after arm receives NHAI Nod for Rs 1,248-cr Bharatmala project in Bihar
G R Infraprojects rose 1.60% to Rs 1,270.40 after its subsidiary, GR Varanasi Kolkata Highway has received an appointed date from National Highways Authority of India for a highway project worth Rs 1,248.37 crore under Bharatmala Pariyojana in Bihar. The project entails the construction of a 6-lane Greenfield Varanasi-Ranchi-Kolkata highway from Anarbansalea Village to Sagrampur Village (from Km 151+200 to Km 184+700), under Package-7, with a total length of 33.50 km. The project is valued at Rs. 1,248.37 crore and is scheduled for completion within 730 days. GR Infraprojects is engaged in construction of infrastructure facilities on an engineering, procurement and construction (EPC) and built, operate and transfer (BOT) basis. The company reported 27.08% fall in consolidated net profit to Rs 403.90 crore in Q4 FY25 as against Rs 553.93 crore posted in Q4 FY24. Revenue from operations declined 8.43% YoY to Rs 2,275.57 crore in the quarter ended 31 March 2025.
Mint
4 days ago
- Business
- Mint
GR Infraprojects share price rises after receipt of NHAI's Varanasi-Ranchi-Kolkata Highway project
Shares of GR Infraprojects Ltd surged over 3 percent in intraday trade on Wednesday, July 9, after the company received the appointed date for a significant highway development project under the Bharatmala Pariyojana. The project, awarded by the National Highways Authority of India (NHAI), pertains to the construction of a six-lane Greenfield highway connecting Varanasi, Ranchi, and Kolkata. The development triggered renewed investor interest in the stock, which had been under pressure in recent months. The appointed date for the highway construction has been confirmed as July 1, 2025. GR Varanasi Kolkata Highway Private Limited—a wholly owned subsidiary of GR Infraprojects—received the official communication from NHAI on July 8, confirming commencement of the work. The project involves building a 33.50-kilometre stretch of road from Anarbansalea village to Sagrampur village, specifically from KM 151+200 to KM 184+700. This project is a part of the government's ambitious Bharatmala Pariyojana programme and will be implemented under the Hybrid Annuity Mode (HAM), identified as Package 7. The total contract is valued at ₹ 1,248.37 crore and is to be executed within 730 days from the appointed date. GR Infraprojects is expected to handle the engineering, procurement, and construction aspects, with payments split between annuity and government grants. The construction of the six-lane Greenfield highway is expected to significantly improve connectivity in Bihar and surrounding regions, contributing to logistics efficiency, economic growth, and reduced travel time between key industrial corridors. As part of the government's nationwide highway modernisation initiative, this project is seen as a high-value infrastructure milestone that reinforces GR Infraprojects' order book and operational visibility. Following the announcement, the company's shares jumped 3.1 percent to an intraday high of ₹ 1,290.30. The rally reflects renewed optimism around execution visibility and earnings potential, especially after a difficult period for the stock over the past year. Despite Wednesday's bounce, GR Infraprojects shares remain far from their 52-week high of ₹ 1,835, which was touched in July 2024. The stock had hit its 52-week low of ₹ 902.05 in March 2025. Over the past 12 months, the stock has corrected nearly 30 percent, underperforming the broader market and sector indices. In July so far, the stock is down about 3 percent after gaining 3 percent in June. May witnessed a strong 23 percent rally, providing some temporary relief following a 0.5 percent dip in April and a 4 percent gain in March. However, the earlier months of 2025 were marked by steep losses—21.5 percent in February and 13 percent in January—largely due to macro uncertainties and weak investor sentiment toward the infrastructure sector. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
4 days ago
- Business
- Business Standard
G R Infraprojects share price rises 3% on securing order worth ₹1,248-crore
G R Infraprojects share price: G R Infraprojects share price rose as much as 3.19 per cent to hit an intraday high of ₹1,290.30 per share on Wednesday, July 9, 2025. At 1:20 PM, G R Infraprojects share price was trading 1.78 per cent higher at ₹1,272.60 per share. In comparison, BSE Sensex was trading flat with a positive bias at 83,715.76 levels. Why did G R Infraprojects share price rise today? G R Infraprojects share price increased after the company announced that its wholly-owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has received a letter from the National Highways Authority of India (NHAI), dated July 8, 2025, declaring the appointed date for its highway project as July 1, 2025. The project involves the construction of a 6-lane Greenfield Varanasi–Ranchi–Kolkata Highway from Anarbansalea village to Sagrampur village (Km 151.200 to Km 184.700), covering a total length of 33.50 km. It falls under Package-7 of the Bharatmala Pariyojana and will be executed in Bihar on a Hybrid Annuity Mode (HAM). In an exchange filing, G R Infraprojects said, 'We are pleased to inform you that 'GR Varanasi Kolkata Highway Private Limited', a wholly-owned subsidiary of the company has received a letter dated July 8, 2025 from National Highways Authority of India (NHAI) declaring appointed date w.e.f. July 1, 2025 for the project 'construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village (From KM. 151+200 to KM. 184+700, Pkg-7, Total Length = 33.50 Km) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package-7)'.' The contract price is ₹1,248.37 crore, while the project is expected to be completed in 730 days from the Appointed Date. About G R Infraprojects G R Infraprojects Limited (GRIL) is a leading Indian infrastructure construction company with over 25 years of experience, primarily specialising in the development of roads and highways. Headquartered in Udaipur, Rajasthan, with a corporate office in New Delhi, the company operates across India and is gradually expanding into international markets. It follows an integrated project execution model, managing every phase from conceptualisation to completion, and is actively involved in Engineering, Procurement and Construction (EPC), as well as Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects. While the company's core strength lies in road infrastructure, designing and constructing highways, bridges, culverts, flyovers, and overbridges, it has also diversified into railway, metro, airport runway, and power transmission projects. Additionally, the company undertakes EPC projects in the optical fiber cable (OFC) sector and manufactures construction chemicals. The market capitalisation of G R Infraprojects is ₹12,360.99 crore, according to BSE. The company falls under the BSE 500 category.
Business Standard
09-05-2025
- Business
- Business Standard
G R Infra secures Rs 262 cr LoA for western railway EPC project
G R Infraprojects said that it has received the letter of acceptance (LoA) for an engineering, procurement, and construction (EPC) project from the Western Railways worth Rs 262.28 crore. The order entails gauge conversion of 38.90 kilometers of railway track and associated works, including earthwork, blanketing, supply of ballast, construction of minor and major bridges, office and service buildings with water supply and sanitation, platforms, station amenities, retaining walls, boundary walls, side drains, and complete track linking with the supply of materials (excluding new rails) and small track machines. The project also includes all works related to 30 roads under bridges (RUBs) across the stretch from chainage 9.200 km to 48.100 km in the Kosamba and Umarpada section, under the Vadodara division of Western Railways. The completion period for the project is 730 days from the appointed date. G R Infraprojects is engaged in the construction of infrastructure facilities on an engineering, procurement, and construction (EPC) and built, operate, and transfer (BOT) basis The companys consolidated net profit increased 7.82% to Rs 261.71 crore on a 20.6% slide in revenue from operations to Rs 1,694.50 crore in Q3 FY25 over Q3 FY24. Shares of G R Infraprojects fell 1.43% to currently trade at Rs 1,046.10 on the BSE
