Shares of GR Infraprojects rose after the company emerged as the lowest bidder for a major highway contract awarded by the National Highways Authority of India (NHAI). The contract covers the construction of a four?lane greenfield section of National Highway?33 from Mokama to Munger in Bihar under the Hybrid Annuity Mode and is valued at Rs 24,408.7 mn, with completion scheduled within 910 days. The stock recorded an intraday jump and later traded above recent levels as investors reacted to the tender win amid broader market weakness. Market data showed the share rose as much as five point one per cent during trading and at one stage traded near Rs 973.1 per share before settling lower later in the session, while the benchmark index fell by one point eight per cent. Trading volumes were higher than average, reflecting renewed investor focus on order inflows and execution visibility. The company has a substantial order book and the latest award contributes to its pipeline for road projects across regions. The firm recently secured another infrastructure order valued at Rs 18,975.1 mn for a new railway line project, reinforcing its diversified order intake across road and rail segments. GR Infraprojects undertakes construction on an engineering, procurement and construction basis and also executes projects on build, operate and transfer terms, which supports a mixed revenue profile. The company’s scale and project mix have been cited by market analysts as favourable for navigating the sector recovery. For the quarter ended December 31, 2025 the company reported a year?on?year rise in standalone net profit of 37.70 per cent to Rs 2,321.5 mn, with revenue from operations increasing to Rs 20,394.9 mn. Revenue from build, operate and transfer and annuity projects declined by 6.50 per cent to Rs 12,457.5 mn, while engineering, procurement and construction revenue rose by 342.76 per cent to Rs 9,205.6 mn. Broker notes pointed to a strong executable order book of two point seven times revenue and lean working capital of 47 days, and retained a preference for GR Infraprojects versus certain peers with specified target prices.