G R Infra Wins Bid for Rs 19.47 Bn Road Project in Maharashtra

15 Jan 2025 CW Team

G R Infraprojects has emerged as the lowest bidder (L-1) for a significant road construction project awarded by the Maharashtra State Road Development Corporation (MSRDC). The project involves the construction of the Pune Ring Road (East) under an Engineering, Procurement, and Construction (EPC) contract. This specific section (PRR E6) spans a 16-kilometre stretch from Sonori to Garade in Purandar Taluka, located within Pune district.

The contract, valued at Rs 19.47 billion, has a completion deadline of 1,095 days from the appointed start date. G R Infraprojects specialises in constructing infrastructure projects on both EPC and Build, Operate, Transfer (BOT) models. The company recently reported an 11% decline in consolidated net profit, which stood at Rs 193.28 crore for Q2 FY25, compared to the previous year. Its revenue from operations fell by 25.94%, reaching Rs 1,394.33 crore for the same period. Following this announcement, G R Infraprojects’ shares saw a 3.93% decline, trading at Rs 1,269.60 on the Bombay Stock Exchange (BSE).

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