Synopsis:
Infra company secured a ₹1,947 crore project for Pune Ring Road (East), enhancing Maharashtra’s connectivity with a 16-km stretch to be completed within 1,095 days under EPC mode.
Introduction:
Major infra company has been awarded a ₹1,947 crore project to construct a 16-km access-controlled Pune Ring Road (East) in Maharashtra, under EPC mode, aiming to enhance regional connectivity within 1,095 days.
Share price movement of G R Infraprojects:
On January 13, 2025, G R Infraprojects Ltd opened at ₹1,311.00, down 0.79% from its previous close of ₹1,321.50. The stock hit a high of ₹1,324.95 and a low of ₹1,250.25. By 3:09 PM, it traded at ₹1,266.10, a 4.19% decline, with a market cap of ₹12,248.29 crore.
G R Infraprojects Secures ₹1,947 Crore Contract:
G R Infraprojects Limited emerged as the lowest bidder (L-1) for constructing a ₹1,947 crore access-controlled Pune Ring Road (East) project. The 16-km stretch from Sonori to Garade, Pune, will strengthen infrastructure connectivity in Maharashtra.
The project, awarded by Maharashtra State Road Development Corporation (MSRDC), will be executed on an Engineering, Procurement, and Construction (EPC) basis. Scheduled to be completed within 1,095 days from the appointed date, it marks a significant milestone for the company.
G R Infraprojects informed that the trading window for insiders remains closed until 48 hours after Q3 FY25 financial results. The company pledged to provide timely updates on this major infrastructure project as it progresses.
Recent news on G R Infraprojects:
As of December 14, 2024, G R Infraprojects Ltd. received a letter of intent for a ₹107.7 crore transmission project in Karnataka. The company was also awarded a ₹903.5 crore metro viaduct contract in Nagpur.
Stock performance of G R Infraprojects for Period of 1 week, 6 months and 1 year:
Over the past week, G R Infraprojects Ltd saw a 5.02% decline. Its performance over six months fell by 25.7%, though the stock showed a positive return of 17.1% over the last year, indicating long-term growth potential despite recent challenges.
Also Read: Logistics stock jumps 4.3% after it partners with Ethihad for cargo movement
Shareholding pattern of G R Infraprojects:
All values in % | Sep 2024 | Jun 2024 | Mar 2024 |
Promoter | 74.70% | 74.70% | 74.70% |
FII | 2.10% | 1.40% | 0.80% |
DII | 20.10% | 21% | 20.60% |
Public | 3.10% | 3.40% | 4% |
About G R Infraprojects:
G R Infraprojects Ltd. (NSE: GRINFRA) is a leading EPC company specializing in road construction projects across India. With expertise in civil construction, it has diversified into power transmission, handling both highway and infrastructure projects in multiple sectors.
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.