Trending Stock: This construction company bags multiple projects worth Rs 2,837.01 crore!

Including the above projects, this mid-cap company has received letters of acceptance for multiple projects of over Rs 7,500 crore in just a few days.  

G R Infraprojects Ltd informed the exchanges (BSE Script Code: 543317; NSE Script Code: GRINFRA) that the company has received a letter of award from the National Highways Authority of India (NHAI) for projects worth Rs 2,837.01 crore. Details below:  

The first order is the construction of 4 lanes with paved shoulders in the Belgaum – Hungund - Raichur Section on hybrid annuity mode (HAM). The order is worth Rs 740.77 crore.   

The second order is the construction of 4 lanes access controlled greenfield highway section from Venkatpur village in Warangal District to Thallasenkesa Village in Mahabubabed District, under other economic corridor programmes on hybrid annuity mode (HAM) in the State of Telangana (Package‐II). The order is worth Rs 847.87 crore.  

The third order is the construction of 6 lanes greenfield Varanasi‐Ranchi‐Kolkata Highway from Anarbansalea village to Sagrampur village under Bharatmala Pariyojana in the state of Bihar on hybrid annuity mode (HAM). The order is worth Rs 1,248.37 crore.   

G R Infraprojects Ltd, founded in 1995, is an integrated road engineering, procurement and construction (EPC) firm with experience in designing and constructing various road/highway projects in 15 Indian states. It primarily works on civil construction projects in the road sector on an EPC and BOT (Build Operate Transfer) basis.  

Including the above projects, this Mid-Cap company has received letters of acceptance for multiple projects of over Rs 7,500 crore in just a few days.   

On Monday, shares of G R Infraprojects started the day in green, up 4.10 per cent to Rs 1,044.40 per share. The stock has a PE of 10.49x and an ROE of 19.07 per cent.