G R Infraprojects share price rose 7 percent in the opening trade on March 19 after the company received Letter of Acceptance of Rs 4262.78 crore from National Highways Authority of India for construction of Agra‐ Gwalior greenfield road.
At 09:18am, G R Infraprojects was quoting at Rs 1,008.30, up Rs 67.95, or 7.23 percent, on the BSE.
The project include development of 6 Lane of access controlled Agra‐Gwalior greenfield highway, in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh and overlay/strengthening, other road safety and improvement works on existing Agra‐ Gwalior section in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh on DBFOT pattern at BOT (Toll) Mode under NH(O) scheme.
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The company board of directors at its meeting held on March 7, 2025 declared the interim dividend of Rs 12.50 per equity share of face value of Rs 5 per equity share for the financial year 2024-25.
Also approved the proposal for divestment of 100 percent equity stake/investment held in its wholly owned subsidiary company viz. GR Galgalia Bahadurganj Highway (GGBHPL) and assignment of unsecured loan made by the company to GGBHPL.
In the month of February, the Government of Assam has initiated the development of a ropeway project and entered into a Memorandum of Understanding (MoU) with G R Infraprojects for the development of a ropeway from Sonaram field to Bhubaneshwari temple, Kamakhya, in Guwahati. The proposed investment in the project is Rs 270 crore.
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