G R Infraprojects Ltd. (NSE: GRINFRA) witnessed a 4% jump in its share price after emerging as the selected bidder for a major National Highways Authority of India (NHAI) project. The contract was awarded under the Ministry of Road, Transport & Highways, Government of India, following the financial bid opening on March 13, 2025.
Agra-Gwalior Greenfield Road Project Details
The awarded project involves the construction and development of the Agra-Gwalior Greenfield Road, a crucial initiative aimed at enhancing connectivity across Uttar Pradesh, Rajasthan, and Madhya Pradesh.
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Scope of Work:
- Section 1: Six-lane, access-controlled greenfield highway from Deori (Agra) to Susera (Gwalior).
- Section 2: Strengthening, overlaying, and implementing road safety enhancements on the existing Agra-Gwalior section of NH-44.
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Contract Value: ₹4,262.78 crore
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Execution Model: DBFOT (Design, Build, Finance, Operate, Transfer) – BOT (Toll) mode
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Completion Timeline: 910 days from the appointed date
G R Infraprojects’ shares opened at ₹1,020.00, reaching a high of ₹1,025.65 and a low of ₹985.60. The stock remains close to its 52-week low of ₹955.00, significantly below its 52-week high of ₹1,860.00.
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