G R Infra surges after concession agreement with NHAI

G R Infraprojects is now trading at Rs 1415 on the BSE which is higher by 1.17% or 16.30 points from the previous closing of Rs 1398.70. The scrip had opened at Rsb1400 and surged to a high and low of Rs 1420.00 and Rs 1400, respectively. The BSE group, ‘B’ stock, the face value of Rs 5 has witnessed a 52-week high of Rs 2277 on 25th October 2021 and a 52-week low of Rs 1249.70 on7th March 2022. The scrip’s last one week high and low was Rs 1440 and Rs 1321.30 respectively. Their current market cap is Rs. 13700.83 crore. The promoters’ holding in the company is 86.54%. The Institutions and Non-Institutions are 10.05% and 3.41% respectively. GR Bhimasar Bhuj Highway, the wholly-owned subsidiary of G R Infraprojects, on May 30, 2022executed the concession agreement with the National Highways Authority of India (NHAI). The company completed the concession agreement for four-lane up-gradation with Paved Shoulder of NH-34, Bhimasar, Junction of NH-41 to Anjar, Bhuj up to theAirport Junction. Km 0.000 to Km 65 .478 in Gujarat based on Hybrid Annuity Model. The bid project cost for the same is Rs 1,085 crore. The project needs to be completed within 910 days from the appointed date and the operation period given is 15 years from the date of commercial operation. G R Infraprojects, an integrated road EPC company has experience in the design and construction of several road and highway projects in the country. Image Source