Rs 19,253 crore order book: This civil construction company emerges as the lowest bidder (L1) for orders worth Rs 4,346.14 crore from MSRDCL

The shares of the company have a PE of 13x whereas the industry PE is 26x and an ROE of 21 per cent.

G R Infraprojects Ltd is pleased to announce that it has been selected as the L-1 bidder (lowest bidder) during the Financial Bid Opening held on May 21, 2024 for two tenders issued by the Maharashtra State Road Development Corporation Limited.

The first project involves constructing a 9.341 km section of the Access Controlled Pune Ring Road (Package PRR W5) in Maharashtra for a contract value of Rs 1,997.07 crore. This project will be completed within 36 months from the designated start date. The second project entails building a 33.300 km stretch of the Nagpur-Chandrapur Access Controlled Super Communication Expressway (Package NC-01) for a contract value of Rs 2,349.07 crore. The construction period for this project is set at 30 months from the start date.

Incorporated in 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 road sector's EPC and BOT (Build Operate Transfer) basis. 

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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 shares of the company have a PE of 13x whereas the industry PE is 26x and an ROE of 21 per cent. The stock is up by 60 per cent from its 52-week low of Rs 1,025 per share. Investors should keep an eye on this Mid-Cap stock.

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