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

Products

06 Oct 2025

TOTO India Launches Premium G & L Showers with Sleek Faucet Range

TOTO India has launched its G Shower and L Shower series, alongside an expanded range of GT, LH, and Pull-Out lavatory faucets. The collection blends advanced technology, refined aesthetics, and everyday comfort, staying true to TOTO’s philosophy of creating spaces that are both beautiful and functional. The G Shower series delivers the 3Rs of showering: Relaxing, Refreshing, and Revitalizing. Features include the Calming Shawl spray mode, Warm Spa technology, and multiple overhead and hand-shower options across eight finishes. The L Shower complements this with easy-to-use controls sui..

Infrastructure Energy

06 Oct 2025

Hero Future Energies Secures Funding for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19.08 billion in funding from the State Bank of India (lead) and Canara Bank. The funds will be used to develop and construct HFE’s 120 MW renewable energy hybrid project at Kurnool, Andhra Pradesh. The project, contracted with SJVN, integrates wind, solar, and storage technologies to deliver reliable peak power. With a 21-year repayment period, the funding ensures timely execution and the commencement of commercial operations. The financial closure demonstrates continued lender confidence in..

Infrastructure Energy

06 Oct 2025

IOC GPS Renewables Raises Rs 8.36 billion Debt for Compressed Biogas Plants

IOC GPS Renewables Private Limited (IGRPL), a joint venture between IndianOil Corporation and GPS Renewables, has raised Rs 8.36 billion (approx. US$ 95 million) in debt financing from Indian Bank to execute nine Compressed Biogas (CBG) projects across India. The funding is the largest single-bank debt raise in the CBG sector and the first fully non-recourse financing in India for these projects. The plants—four in Haryana, three in Uttar Pradesh, one each in Chhattisgarh and Andhra Pradesh—will each produce 15 tonnes of CBG per day using paddy straw as feedstock. All nin..