Rs 14,640.50 crore order book: Civil construction company receives letter of intent from PFC Consulting Ltd for Bijapur REZ transmission project
The stock is up over 50 per cent from its 52-week low of Rs 1,025 per share.
GR Infraprojects Limited announced that it has received a Letter of Intent dated December 12, 2024, from PFC Consulting Limited for the "Transmission Scheme for integration of Bijapur REZ" in Karnataka. This project involves the establishment of a 400/220 kV, 5x500 MVA Pooling Station near Bijapur (Vijayapura), a 400 kV transmission line between Bijapur PS and Raichur New, and the installation of 400 kV line bays and 2x125 MVAr 420 kV bus reactors at Bijapur PS. The project is estimated to cost Rs 107.70 crore per annum, will be implemented on a Build-Own-Operate-Transfer (BOOT) basis, and is expected to be completed within 24 months.
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.
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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 over 50 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.