G R Infraprojects Inks Concession Deal with NHAI

11 Jul 2023 CW Team

On July 5th, the share price closed at Rs 1,306.20, up 0.20% from the previous closing of Rs 1,303.55. During the day, the stock moved in a range of Rs 1,285.25 to Rs 1,338.85. The company's market capitalization was Rs 126.29 billion.

On July 5th, the stock outperformed the overall market, which closed in the green. The Sensex fell 0.05%, while the Nifty rose 0.05%.

The Company's fully owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has inked a concession deal with the NHAI.

The project entails the construction of a 33.50-kilometer-long 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village in Bihar.

It should be mentioned that the project is a component of the Bharatmala Pariyojana and will be carried out using the Hybrid Annuity Mode (Package 7). The total project cost is Rs 12.48 billion.

The operating time is 15 years from the commercial operation date, and the completion period is 730 days from the appointed date.

The pipeline of GR Infraprojects appears to be in good shape. The business signed an engineering, procurement, and construction deal with the East Coast Railway on July 3rd for the construction of a tunnel between Adenigarh and Purunakatak. The project will be completed using the EPC model and will cost around Rs 5.87 crore.

Strong Corporate Governance is ensured through the incorporation of technology at every stage of construction, strong planning and monitoring, clearly defined processes, and digital project management.

G R Infraprojects Limited ("GRIL"), founded in 1995, has established a brand recognition as a focused EPC company with extensive experience and competence in delivering road and railway projects. It began its adventure in 1997 with the construction of a road project for the Public Works Department (PWD) of Rajasthan worth 265 lakhs. Over 100 road projects in 16 Indian states have been designed and built by the company.

G R Infraprojects inked a concession deal with the National Highways Authority of India (NHAI) for a 12-lane Greenfield Varanasi-Ranchi-Kolkata Highway worth Rs 12.48 billion. The contract was signed by the company's wholly-owned subsidiary. On July 5th, the share price closed at Rs 1,306.20, up 0.20% from the previous closing of Rs 1,303.55. During the day, the stock moved in a range of Rs 1,285.25 to Rs 1,338.85. The company's market capitalization was Rs 126.29 billion. On July 5th, the stock outperformed the overall market, which closed in the green. The Sensex fell 0.05%, while the Nifty rose 0.05%. The Company's fully owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has inked a concession deal with the NHAI. The project entails the construction of a 33.50-kilometer-long 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village in Bihar. It should be mentioned that the project is a component of the Bharatmala Pariyojana and will be carried out using the Hybrid Annuity Mode (Package 7). The total project cost is Rs 12.48 billion. The operating time is 15 years from the commercial operation date, and the completion period is 730 days from the appointed date. The pipeline of GR Infraprojects appears to be in good shape. The business signed an engineering, procurement, and construction deal with the East Coast Railway on July 3rd for the construction of a tunnel between Adenigarh and Purunakatak. The project will be completed using the EPC model and will cost around Rs 5.87 crore. Strong Corporate Governance is ensured through the incorporation of technology at every stage of construction, strong planning and monitoring, clearly defined processes, and digital project management. G R Infraprojects Limited (GRIL), founded in 1995, has established a brand recognition as a focused EPC company with extensive experience and competence in delivering road and railway projects. It began its adventure in 1997 with the construction of a road project for the Public Works Department (PWD) of Rajasthan worth 265 lakhs. Over 100 road projects in 16 Indian states have been designed and built by the company. See also: NHAI seeks bids for Varanasi-Ranchi-Kolkata highway Nitin Gadkari: National Highways grow 59% in 9 years

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..