+
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
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code