G R Infraprojects secures major Pune Ring Road and Nagpur metro projects

18 Oct 2024 CW Team

G R Infraprojects Ltd has received a Letter of Acceptance (LOA) from the Maharashtra State Road Development Corporation Ltd (MSRDC) to construct a 9.341-km segment of the Pune Ring Road.

As of October 16, 2024, at 12:59 PM, G R Infraprojects shares were trading at ?1,637.30, reflecting a 1.12% gain from the previous close. The company's stock has increased by 36% over the past year and 44% since the start of 2024.

The Pune Ring Road project is valued at Rs 1,885.63 crore and will be executed using the Engineering, Procurement, and Construction (EPC) model. The segment will connect Kalyan/Rathwade village to Shivare/Kusgaon village in Pune district, with a completion timeline of 36 months from the start date.

Additionally, G R Infraprojects has secured a ?903.5 crore contract from Maharashtra Metro Rail Corporation Ltd for the design and construction of an elevated metro viaduct in Nagpur. This component of the Nagpur Metro Rail Project spans 17.6 km and includes two special railway spans measuring 79 and 100 meters each.

The contract also encompasses a 1.14-km double-decker six-lane section featuring a vehicular underpass (VUP) as part of Phase-2, Reach-1A of the Nagpur Metro Rail Project.

These projects highlight G R Infraprojects’ significant role in infrastructure development in Maharashtra, enhancing its portfolio in road and metro construction.

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