G R Infraprojects envisages order book of Rs 250 bn by FY23

06 Jul 2022 CW Team

G R Infraprojects is expecting an orderbook of Rs 250 billion by FY23 due to a pick-up in government expenditure in infrastructure segment and rise road construction activities, according to Swadesh Anand Rathi, CFO. Rathi told ET Now that new work orders are expected to increase from Rs 90 billion to Rs 150 billion for FY23.

NHAI orders constitute 88% of the company’s order book, while almost 70% of the total order book is from HAM (Hybrid Annuity Model) projects. In the first quarter of the financial year 2023 the company executed the Rs 13.68 billion HAM project on the Delhi-Vadodra Expressway and the Rs 15.77 billion project in Andhra Pradesh.Rathi stated that GR Infraprojects is a pan India player but has less exposure in the Southern markets.

The company's margins have been impacted over the last 3-4 years, with margins falling from 21.8% to 17.6% due to the higher cost of raw materials. However, Rathi said margins have been impacted as order book has moved from HAM project to EPC, which has less margins as compared to the former. Input prices are expected to cool off from Q3FY23 onwards.

Also read:
Hazoor Multi Projects bags Nagpur-Mumbai expressway order
NHAI told to speed up repair of Bengaluru-Mangaluru highway

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..