G R Infraprojects Shares Rebound on Rs 4,263 Crore Project Win

19 Mar 2025 CW Team

G R Infraprojects' share price ended its four-day losing streak, gaining over 2% in early trade after the company emerged as the selected bidder for a $515 million project from the National Highways Authority of India (NHAI).

As of 09:23 AM, the stock was trading at Rs 981.60, up by Rs 23.20 (2.42%) on the BSE.

The project involves developing a 6-lane access-controlled Agra-Gwalior Greenfield Highway and strengthening existing sections of NH-44 across Uttar Pradesh, Rajasthan, and Madhya Pradesh. The project, under the Design-Build-Finance-Operate-Transfer (DBFOT) model on a Build-Operate-Transfer (Toll) mode, has a completion period of 910 days from the appointed date.

Additionally, during its March 7, 2025 board meeting, the company announced an interim dividend of Rs 12.50 per equity share of face value Rs 5 for the financial year 2024-25. The board also approved the divestment of its 100% equity stake in its wholly-owned subsidiary, GR Galgalia Bahadurganj Highway (GGBHPL), along with the assignment of unsecured loans made to the subsidiary.

In a separate development, G R Infraprojects signed a Memorandum of Understanding (MoU) with the Government of Assam for the development of a ropeway project from Sonaram Field to Bhubaneshwari Temple, Kamakhya, Guwahati, worth $33 million.

The company's strategic moves and fresh project acquisitions have boosted investor confidence, as reflected in the early trading gains.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..