Rs 14,640.50 crore order book: Civil construction company emerged as L-1 bidder for an order worth Rs 867.54 crore from in BSNL’s Bharat Net Phase‐3 Project

The stock is up by 59.30 per cent from its 52-week low of Rs 1,025 per share.

G R Infraprojects Limited has emerged as the L-1 bidder in BSNL's Bharat Net Ph-3 (Middle Mile) Project: Package-16, bid opening dated 09th November 2024. This tender was invited by Bharat Sanchar Nigam Limited (BSNL) on behalf of the Department of Telecom (DoT). The project involves the design, supply, construction, installation, upgradation, and O&M of the middle mile network of Bharat Net, as per Tender Enquiry Number: MM/BNO&M/BN-III/T-791/2024 issued on 15.02.2024 (Package 16 - Kerala). The contract price is Rs 867.54 crore (inclusive of GST), and the mode of execution is Design, Build, Operate, and Transfer (DBOT) for a duration of 3 years of execution and 7 years of O&M.

Earlier, the company emerged as the lowest bidder (L-1) for a transmission scheme project in Karnataka. This project, awarded on a Build, Own, Operate, and Transfer (BOOT) basis, involves establishing a pooling station, constructing a transmission line, and installing line bays and bus reactors. To execute this project, G R Infraprojects will acquire Bijapur REZ Transmission Limited, a newly incorporated entity with no significant operational history. This acquisition, which falls outside the Company's traditional business, is necessary to fulfil the project requirements. The acquisition is expected to be completed by January 31, 2025, through a cash consideration.

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. 

According to the financials, GR Infraprojects Ltd has a market cap of over Rs 15,000 crore and the order book as of September 30 2024, stands at Rs 14,640.50 crore. The company reported positive numbers in its Quarterly Results (Q2FY25) and half-yearly results (H1FY25).

The shares of the company have a PE of 16x, an ROE of 16 per cent and an ROCE of 17 per cent. The stock is up by 59.30 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.