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

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

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.

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.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement