Shares of G R Infraprojects Ltd rose by 3% in morning trade on Tuesday after the company announced a major contract win worth Rs 1,257 crore from Bharat Sanchar Nigam Limited (BSNL). The contract is part of the government’s ambitious BharatNet Phase-III project aimed at expanding broadband connectivity across rural India.
According to a regulatory filing, G R Infraprojects has received an Advance Work Order (AWO) from BSNL dated May 5, 2025, for work under Package No. 16 of the BharatNet initiative in Kerala. The scope of work includes the design, supply, construction, installation, upgradation, operation, and maintenance of the middle-mile network. This project will be executed under the Design, Build, Operate, and Transfer (DBOT) model.
The contract stems from Tender Enquiry No. MM/BNO&M/BN-III/T-791/2024, dated February 15, 2024. The project execution timeline is three years, followed by seven years of operation and maintenance.
G R Infraprojects opened at ₹1,096 today, reaching a high of ₹1,115.20 and a low of ₹1,092.00. The stock remains well below its 52-week high of ₹1,860.00 but above the 52-week low of ₹901.00.
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