Shares of G R Infraprojects Ltd are in focus today after the company announced that it has received a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for a ₹4,262.78 crore project. The contract involves the construction of the Agra-Gwalior Greenfield Road in Uttar Pradesh, Rajasthan, and Madhya Pradesh under a DBFOT (Design, Build, Finance, Operate, and Transfer) pattern at BOT (Toll) Mode.
As of 9:15 the shares were trading over 8% higher at Rs 1,016
Project Details
The Agra-Gwalior Greenfield Highway project is divided into two sections:
- Section-1: Development of a 6-lane access-controlled highway, covering a stretch from Deori village in Agra (Uttar Pradesh) to Susera village in Gwalior (Madhya Pradesh), spanning 88.4 km.
- Section-2: Overlay, strengthening, and improvement works on the existing Agra-Gwalior section of NH-44, covering 90 km from 1058.00 to 1148.00 (Design Chainage 13.00 to 103.00).
The entire project is scheduled to be completed within 910 days.
The latest contract strengthens G R Infraprojects’ portfolio in highway development and reinforces its reputation as a key player in India’s infrastructure sector. The BOT (Toll) mode ensures long-term revenue generation for the company while contributing to improved connectivity in North India.
With this win, G R Infraprojects continues to expand its footprint in major road projects across the country. Investors will be watching the stock closely for further updates on execution timelines and financial impact.
