G R Infraprojects Ltd (GRIL) shares gained more than 2% in early morning trade on Thursday after the company announced that it has received a Letter of Acceptance (LOA) from the State Highways Authority of Jharkhand. The contract is for the construction of the Giridih Bypass (towards Tundi), spanning 26.672 km, under the Engineering, Procurement, and Construction (EPC) model.
The total project value stands at ₹290.23 crore, and it is scheduled to be completed within 24 months from the appointed date. This update comes after G R Infraprojects’ earlier announcement on July 24, 2025, confirming its successful bid for the project.
With this new contract, the company continues to strengthen its presence in India’s road infrastructure segment. G R Infraprojects also mentioned that it will keep the stock exchanges informed about further developments related to the project.
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