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

Real Estate

11 May 2026

Casagrand Launches 41-Acre Highcity Project in Chennai

Casagrand has launched Casagrand Highcity, a 41-acre integrated residential development on Chennai’s Outer Ring Road (ORR), marking the company’s largest residential project to date.The project will comprise over 4,000 two and three BHK apartments across four G+22 towers and is positioned as one of the largest organised residential developments in the ORR corridor.Located along Chennai’s emerging residential and infrastructure growth belt, the project benefits from connectivity to IT hubs including Navalur, Siruseri SIPCOT and Porur, as well as industrial clusters such as Sriperumbudur, ..

Brigade, Marriott Open Courtyard Kochi Infopark

Brigade Hotel Ventures (BHVL) and Marriott International have opened Courtyard by Marriott Kochi Infopark, a rebranded and upgraded hotel formerly operating as Four Points by Sheraton Kochi Infopark.Located in Kakkanad adjoining Infopark Kochi, the 218-room property strengthens Brigade’s hospitality portfolio in one of the city’s key IT and commercial corridors. The hotel is positioned to cater to corporate, MICE and leisure travellers visiting Infopark, SmartCity and other business hubs in Kochi.The property offers flexible workspaces, smart TVs and high-speed WiFi across rooms and suites..

WorkEZ Expands South India Portfolio to 1.7 Mn Sq Ft

Work Easy Space Solutions (WorkEZ) has expanded its managed workspace portfolio to approximately 1.7 million sq. ft. across 12 operational buildings and two upcoming developments, strengthening its footprint across South India.The expansion includes the addition of 65,000 sq. ft. at Phoenix One National Park in Chennai and the company’s entry into Kochi through a partnership with Lulu Developers, adding another 70,000 sq. ft.WorkEZ has also signed a 0.4 million sq. ft. development in Coimbatore with Veeras Infra following the successful leasing of 0.1 million sq. ft. in the first phase. The ..