GR Infra shares jump 14% after securing LoA from NHAI for Rs 4,263-crore project

GR Infra shares jump 16% after securing LoA from NHAI for Rs 4,263-crore project

G R Infra share price jumped over 14 percent in March 19 trade after the firm secured Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for Rs 4,263-crore project.

Shares of G R Infraprojects advanced 14.28 percent to an intraday high of Rs 1,075 per share on the NSE. Later in the day, it pared some of the gains to trade at Rs 1,036.4 apiece, up 10.18 percent.

The company in an exchange filing, said "company has received Letter of Acceptance dated 18th March 2025 from National Highways Authority of India (Ministry of Road, Transport & Highways) for the construction of Agra ‐ Gwalior greenfield road at an estimated cost of Rs 4,262.78 crore with the expected completion date being 910 days."