This civil construction firm emerged as an L-1 bidder for projects worth Rs 3,613 crore!

Shares of the company are trading at a P/E of 8.33x.

On February 20, 2023, G R Infraprojects Limited informed in the exchange filing that the company has emerged as an L‐1 bidder in the financial bid opening dated 20th February 2023 for the tenders invited by National Highways Logistics Management Limited. The company has won two work orders. The first work order includes the development, operation and maintenance of a ropeway from Gaurikund to Kedarnath in the state of Uttarakhand in hybrid annuity mode. The bid cost of the project is Rs 1875 crore.

The second work order includes the development, operation and maintenance of the ropeway from Govind Ghat – Ghangaria – Hemkund Sahib in the State of Uttarakhand on hybrid annuity mode. The bid cost of the project is Rs 1738 crore. Both projects have a construction period of 1460 days from the date of appointment which will have a commercial operation of 15 years.

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.

Today, the stock opened at Rs 1199.00, with a high and low of Rs 1210.00 and Rs 1143.00. The stock is currently trading today at Rs 1148.50, down by 0.46 per cent. 

In the last 6 months, the shares of the company have given 15 per cent returns and on a YTD basis, the stock has given about -1 per cent returns.

The stock has a 52-week high of Rs 1624.40 and a 52-week low of Rs 1074.35. The company has a ROCE of 16.3 per cent and an ROE of 18.9 per cent, with a market capitalisation of Rs 11,178 crore.