Rs 19,253 crore order book: This civil construction company completes a project worth Rs 1,051 crore in the State of Bihar

The stock has a PE of 10x whereas the industry PE is 20x and an ROE of 27 per cent.

G R Infraprojects Ltd is pleased to announce the provisional completion of the four laning of the Galgalia-Bahadurganj section of NH-327E from Km 00.000 to km 49.000 (Package-I)" project in the state of Bihar under the Hybrid Annuity Mode (HAM).

The project with a total bid cost of Rs 1,051 crore received the appointed date on January 10, 2022, and was scheduled for completion after 2 years. The independent engineer issued the provisional completion certificate on May 1, 2024, declaring the highway fit for commercial operation since April 6, 2024. This initiates the 15-year operation period of the project.

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Incorporated in the year 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 EPC and BOT (Build Operate Transfer) basis in the road sector. 

According to the financials, GR Infraprojects Ltd has a market cap of over Rs 13,000 crore and the order book as of December 31, 2023, stands at Rs 19,253 crore. The company reported positive numbers in its Quarterly Results (Q3FY24) and annual results (FY23).

The stock has a PE of 10x whereas the industry PE is 20x and an ROE of 27 per cent. Investors should keep an eye on this Mid-Cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.