GR Infraprojects’ surged nearly 2% in the morning after consortium wins ₹3,637-crore Dibang project in Arunachal
GR Infraprojects Ltd., an eminent infrastructure firm, announced on October 9 that it has successfully finalized a contract agreement with NHPC Ltd for the Dibang Power Consortium, a collaborative venture between GR Infraprojects Ltd and Patel Engineering Ltd.
This ambitious project encompasses the construction of various vital components under LOT-4, such as the head race tunnel, intake, pressure shafts, penstocks, powerhouse and transformer cavern, tail race tunnel, pothead yard, and adits for the Dibang Multipurpose Project, situated in the picturesque state of Arunachal Pradesh, India.
The estimated total project cost stands at an impressive ₹3,637.12 crore. GR Infraprojects proudly holds a 50% stake in this dynamic consortium, as stated in their regulatory filing. This development underscores their significant role in shaping India’s infrastructure landscape.
At 9:25 AM the shares of GR Infra were 1.48% up or at ₹1210.10
