GR Infraprojects share price added nearly 2 percent in early trade on October 10 after the company's JV executed a contract agreement with the NHPC. At 09:22 hrs G R Infraprojects was quoting at Rs 1,210.35, up Rs 19.40, or 1.63 percent on the BSE.
Dibang Power (Lot 4) consortium, the joint venture between GR Infraprojects and Patel Engineering, has executed a contract agreement for a project worth Rs 3,637.12 crore with the NHPC.
The share of GR Infraprojects in the Dibang multipurpose project in Arunachal Pradesh is 50 percent and the project including construction of civil works for Lot 4 is expected to be completed within 86 months.
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In August, GR Belgaum Raichur (PACKAGE‐5) Highway Private Limited and GR Belgaum Raichur (PACKAGE‐6) Highway Private Limited, wholly owned subsidiaries of the company, executed the concession agreement for projects worth Rs 1,457.2 crore with the NHAI.
In June, the company emerged as the lowest bidder for a National Highways Authority of India (NHAI) project worth Rs 1,085-crore in Uttar Pradesh on hybrid annuity mode.
In May, the company emerged as the lowest bidder for a project on the construction of a 4‐lane highway near the Yamuna Bridge in Kausambhi, Uttar Pradesh.
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