Rs 1,49,746 Million Order Book: Infra Company Bags Order Worth Rs 903.53 Crore for Nagpur Metro Rail Project!
The company’s shares have delivered around 35 per cent return in the past 1 year.
This Small-Cap infra company has received a Letter of Acceptance, dated October 2024, from Maharashtra Metro Rail Corporation Limited for the Nagpur Metro Rail Project. The contract involves the design and construction of an elevated metro viaduct spanning 17.624 km, from Ch. 21256.814 to Ch. 38881.7, including railway spans of 79m and 100m, as well as a six-lane double-decker section with a Vehicular Underpass (VUP) from Ch. 25755.211 to Ch. 26895.211, covering a total length of 1.14 km in Reach-1A of NMRP Phase-2. The project is valued at Rs 903.53 crore, with a construction timeline of 30 months.
Incorporated in 1995, G R Infraprojects Ltd is an integrated Engineering, Procurement, and Construction (EPC) company specializing in road and highway projects. With extensive experience in the design and construction of infrastructure, the company has completed projects across 15 states in India. It primarily focuses on civil construction projects in the road sector, operating under both EPC and BOT (Build-Operate-Transfer) models.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Today, the company’s shares finally closed at around Rs 1618.80 and the current market capitalization stands at Rs 15,657 crore. Additionally, the shares have delivered an impressive return of around 35 per cent in the past 1 year.
As per the Quarterly Results, in the Q1 FY25, G R Infraprojects Ltd recorded a revenue of Rs 2030 crore compared to Rs 2478 crore. It reported an operating profit of Rs 368 crore. The net profit stood at Rs 156 crore compared to Rs 310 crore. Looking at the annual performance, the company generated a revenue of Rs 8980 crore in FY24 compared to Rs 9482 crore. The operating profit for FY24 was Rs 2122 crore with a net profit of Rs 132 crore compared to a profit of Rs 1454 crore in FY23.
Disclaimer: The article is for informational purposes only and not investment advice.