GR Infraprojects share price touched 52-week high of Rs 1,645 in the early trade on May 22 after the company bagged two road projects worth Rs 4,346.14 crore.
At 09:34am, G R Infraprojects' stock was quoting at Rs 1,613.00, up Rs 45.50, or 2.90 percent, on the BSE.
"... has emerged as the lowest bidder for two road projects worth Rs 4,346.14 crore of Maharashtra State Road Development Corporation," the company said in an exchange filing.
The projects included construction of access controlled Pune Ring Road in Pune District Package PRR W5 from Kalyan/Rathwade Km. 55+500 to Shivare/Kusgaon Phase Km. 64+841 (Length –9.341 Km.) in Tq. Haveli / Bhor in the state of Maharashtra on EPC Mode.
The contract value is Rs 1,997.07 crore and is to be completed in 36 months from appointed date.
Catch all the market action on our live blog
The other project is construction of Nagpur – Chandrapur access controlled super communication expressway in the state of Maharashtra on EPC mode for package NC-01 from Km. 0+000 Seldoh Tq. Seloo to Km. 33+300 Lonhar Tq. Samudrapur Dist. Wardha (Length – 33.300 Km.).
The contract value is Rs 2,349.07 crore and is to be completed in 30 months from appointed date.
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!
