GR Infra in limelight

about 12 months ago
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GR Infra, which had closed yesterday at Rs.968.95 and today it opened higher at Rs.984.80 and rose to an intraday high at Rs.1027.45, up 6%.

The stock price soared on news that it emerged as lowest bidder for a NHPC project for six-laning of Surat-Nashik-Ahmednagar-Solapur-MH/KNT border greenfield stretch in Maharashtra, on hybrid annuity mode (HAM), under the 'Bharatmala Pariyojana' project.

This project has been won along with Patel Engineering with both having a 50% share. It has to be completed within 730 days from the appointed date. While, the operation period will be 15 years from commercial operation date.

The going has been good for the company as in March alone till date, it has won orders worth over Rs 3,200 crore.

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