Rs 14,640.50 crore order book: Civil construction company receives appointed date for projects worth Rs 2,215.34 crore from NHAI & Indore MMLP Pvt Ltd
The stock is up by 55 per cent from its 52-week low of Rs 1,025 per share.
GR Infraprojects Limited has made substantial strides in its project portfolio. On November 23, 2024, the company's wholly-owned subsidiaries, "GR Belgaum Raichur (Package-5) Highway Private Limited" and "GR Belgaum Raichur (Package-6) Highway Private Limited," received the appointed date from the National Highways Authority of India (NHAI) for two significant road projects in Karnataka. These projects, valued at a combined Rs 716.47 crore and Rs 740.77 crore, respectively, are part of the Belgaum-Hungund-Raichur section of NH-748A (Ext. SH20). Both projects are being undertaken on a Hybrid Annuity Mode (HAM) basis, with a construction period of 730 days and an operation period of 15 years from the Commercial Operation Date.
In addition to the road projects, GR Infraprojects has also secured a major logistics park project. On November 22, 2024, the company's subsidiary, GR Logistics Park (Indore) Private Limited, received the appointed date for the development, operation, and maintenance of a Multi-Modal Logistics Park (MMLP) in Indore, Madhya Pradesh. This project, valued at Rs 758.10 crore, will be executed on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis. The construction period for the first phase is two years, followed by a 45-year operation period.
Earlier, the company emerged as the L-1 bidder in BSNL's Bharat Net Ph-3 (Middle Mile) Project: Package-16. This tender was invited by Bharat Sanchar Nigam Limited (BSNL) on behalf of the Department of Telecom (DoT). The project involves the design, supply, construction, installation, upgradation, and O&M of the middle mile network of Bharat Net. The contract price is Rs 867.54 crore (inclusive of GST), and the mode of execution is Design, Build, Operate, and Transfer (DBOT) for 3 years of execution and 7 years of O&M.
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Incorporated in 1995, G R Infraprojects Ltd is an integrated road engineering, procurement, and construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. It mainly undertakes civil construction projects under the road sector's EPC and BOT (Build Operate Transfer) basis.
According to the financials, GR Infraprojects Ltd has a market cap of over Rs 15,000 crore and the order book as of September 30 2024, stands at Rs 14,640.50 crore. The company reported positive numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25).
The shares of the company have a PE of 16x, an ROE of 16 per cent and an ROCE of 17 per cent. The stock is up by 55 per cent from its 52-week low of Rs 1,025 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.