GR Infraprojects Shares Rally 14% On Securing LoA For Rs 4,263 Crore Project – News18
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Shares of GR Infraprojects surged as much as 14.45% on Wednesday, March 19, 2025, hitting an intraday high of Rs 1,076.30 per share.
GR Infraprojects Share Price
Shares of infrastructure company GR Infraprojects surged as much as 14.45% on Wednesday, March 19, 2025, hitting an intraday high of Rs 1,076.30 per share.
The stock’s rally followed the company’s announcement that it had received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) on March 18, 2025, for a major project valued at Rs 4,262.78 crore.
In an exchange filing, GR Infraprojects stated, “We are pleased to inform you that our Company has received a Letter of Acceptance dated 18th March 2025 from National Highways Authority of India (Ministry of Road, Transport & Highways) for a project.”
Under the agreement, GR Infraprojects will undertake the construction of the Agra-Gwalior Greenfield Road in two sections.
Section 1 involves the development of a 6-lane, access-controlled Agra-Gwalior Greenfield highway. This section will stretch from design kilometer 0+000, near Deori village in Agra district, to design kilometer 88+400, near Susera village in Gwalior district. The project will pass through Uttar Pradesh, Rajasthan, and Madhya Pradesh.
Section 2 will focus on overlay/strengthening and other road safety and improvement works on the existing Agra-Gwalior section of NH-44. The work will cover the stretch from chainage 1058.00 to 1148.00 (design chainage 13.00 to 103.00), located across the three states.
The entire project will be executed under the DBFOT (Design, Build, Finance, Operate, Transfer) model, on a BOT (Build, Operate, Transfer) toll basis, as part of the NH(O) scheme. GR Infraprojects expects the project to be completed in 910 days from the appointed date.
Founded in 1995, GR Infraprojects Ltd is a prominent integrated Engineering, Procurement, and Construction (EPC) company specializing in road infrastructure. The company has successfully designed and constructed over 100 road projects across 16 states in India.
Approximately 90% of GR Infraprojects’ revenue comes from its core business, which includes EPC, Build-Operate-Transfer (BOT), and Hybrid Annuity Model (HAM) projects, mainly in the road sector. In addition to road construction, the company is also involved in railway, metro, airport runway, and Optical Fibre Cable (OFC) projects.
As part of its diversification strategy, GR Infraprojects has expanded into the Power Transmission sector. The company currently manages a portfolio of 10 operational assets, including one NHAI annuity project, one state HAM project, and eight additional NHAI HAM projects.
The company’s market capitalization stands at Rs 10,378.78 crore, according to BSE. Its 52-week high is Rs 1,859.95, while the 52-week low is Rs 902.05.
