Infra stock jumps after it signs MoU with Govt of AssamInfra stock jumps after it signs MoU with Govt of Assam

Introduction:

Infra stock has signed an MoU with the Assam Government to develop a ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya in Guwahati. With a ₹270 crore investment, the project aims to boost connectivity, tourism, and infrastructure, enhancing sustainable transport solutions in the region.

Share Price movement of G R Infraprojects :

On February 27, 2025, G R Infraprojects Limited opened at ₹1,021.15, reaching a high of ₹1,023.45, up 1.34% from its previous close of ₹1,009.75and a low of ₹994.55. Currently, the stock is trading at ₹1,001.00, with a market cap of ₹9,683.70 crore.

G R Infraprojects share price rise:

G R Infraprojects Limited has signed an MoU with the Government of Assam for the development of a ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya in Guwahati. The project aims to enhance connectivity and tourism in the region with a ₹270 crore investment.  

As per the agreement, the Assam government will assist in obtaining necessary permissions, approvals, and clearances for project execution. The initiative aligns with existing policies, rules, and regulations to ensure smooth development. The MoU remains valid for 12 months, with the possibility of extension.  

The ropeway project is expected to boost tourism and local infrastructure while improving accessibility to the Bhubaneshwari Temple. This strategic partnership highlights G R Infraprojects’ role in urban mobility solutions, supporting Assam’s efforts to enhance sustainable transport and tourism infrastructure.

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Recent news About G R Infraprojects :

In January 2025, G R Infraprojects Limited secured a ₹262 crore railway contract and a ₹903.5 crore metro project in Nagpur. Despite these wins, its stock hit a 52-week low, reflecting ongoing challenges and underperformance in the infrastructure sector.

Stock performance of G R Infraprojects  for Period of 1 week, 6 months and 1 year:

G R Infraprojects’ stock declined 5.81% in the past week, reflecting short-term weakness. Over the last six months, it dropped 34.0%, indicating significant bearish sentiment. In the past year, the stock fell 17.8%, highlighting sustained downward momentum despite the company’s ongoing infrastructure projects and developments.

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Shareholding pattern of G R Infraprojects :

All values in %	Dec-24	Sep-24	Jun-24
Promoters	74.7	74.71	74.74
FII	2.54	2.07	1.4
DII	19.77	20.12	20.5
Retail & others	2.97	3.09	3.36

About G R Infraprojects :

G R Infraprojects is a leading Indian infrastructure company specializing in road construction, highways, bridges, and urban transport projects. With a strong execution track record, it focuses on EPC and BOT projects, contributing to India’s infrastructure growth through sustainable and innovative solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.