G R Infraprojects Ltd saw its shares trading at ₹1,617.55, up by 1.48% as of Friday morning. The stock’s positive momentum follows the company’s announcement of receiving a Letter of Intent (LoI) from PFC Consulting Ltd for the “transmission scheme” to integrate the Bijapur Renewable Energy Zone (REZ).
The Karnataka project includes the establishment of a 400/220 KV, 5×500 MVA pooling station near Bijapur, a 400 KV line between Bijapur PS and Raichur, and two 400 KV line bays at Raichur New. The estimated transmission cost is ₹107.7 crore per annum under the BOOT model, with a construction timeline of 24 months.
G R Infraprojects Share Price history
| Day | Open | Close | Change % |
|---|---|---|---|
|
Thu, Dec 12 2024
|
₹1,629.95
|
₹1,593.90
|
-1.07%
|
|
Wed, Dec 11 2024
|
₹1,612.00
|
₹1,611.20
|
-0.03%
|
|
Tue, Dec 10 2024
|
₹1,648.00
|
₹1,611.65
|
-1.95%
|
|
Mon, Dec 9 2024
|
₹1,660.00
|
₹1,643.75
|
-0.26%
|
|
Fri, Dec 6 2024
|
₹1,648.95
|
₹1,648.10
|
|
|
Thu, Dec 5 2024
|
₹1,642.15
|
₹1,634.75
|
-0.45%
|
|
Wed, Dec 4 2024
|
₹1,634.85
|
₹1,642.15
|
|
|
Tue, Dec 3 2024
|
₹1,641.20
|
₹1,641.00
|
|
This development highlights G R Infraprojects’ growing portfolio of infrastructure projects. In October 2024, the company also secured a ₹903.5-crore contract for an elevated metro viaduct in Nagpur, further solidifying its position in the sector.