G R Infraprojects share price broke four day losing streak and gained more than 2 percent in the early trade on March 17 following the company emerged as selected bidder from National Highways Authority of India for a project worth Rs 4,262.78 crore.
At 09:23am, G R Infraprojects was quoting at Rs 981.60, up Rs 23.20, or 2.42 percent, on the BSE.
The project included construction of Agra-Gwalior Greenfield Road comprising of development of 6 lane of access controlled Agra-Gwalior greenfield highway and overlay/strengthening, other road safety and improvement works on existing Agra- Gwalior section of NH-44 in the state of Uttar Pradesh, Rajasthan and Madhya Pradesh on DBFOT pattern at BOT (Toll) Mode under NH(O) scheme.
The completion period is 910 days from appointed date.
Catch all the market action on our live blog
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
