This civil construction firm emerged as the highest bidder for a project worth Rs 758.10 crore!

Shares of the company are trading at a P/E of 7.72x.

On February 24, 2023, G R Infraprojects Limited informed in the exchange filing that the company has emerged as the highest bidder in the financial bid opening dated 24 February 2023

for the tender invited by National Highways Logistics Management Limited.

The work order is for the development, operation and maintenance of a multi-modal logistics park (MMLP) in Indore near Pithampur, in Dhar District in the state of Madhya Pradesh through public-private partnership on design, build, finance, operate and transfer (DBFOT) basis.

The project has a construction period of 2 years from the date of appointment which will have an operation period of 45 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.

On 24 February, the stock opened at Rs 1084.95, with a high and low of Rs 1106.65 and Rs 1053.75. The stock closed trading today at Rs 1069.05, up by 0.13 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.