Rs 14,640.50 crore order book: Civil construction company emerges as the lowest bidder (L1) for an order worth Rs 1,947 crore from MSRDC

The shares of the company have a PE of 16x, an ROE of 16 per cent and an ROCE of 17 per cent.

GR Infraprojects Limited has been declared the L-1 bidder for a significant infrastructure project in Maharashtra. The company has secured the contract for the Construction of Access Controlled Pune Ring Road (East) on EPC Mode Package PRR E6 from MSRDC. This 16 km stretch of road will be constructed between Sonori and Garade in Purandar Taluka, Pune District. The project, awarded on January 13, 2025, has a contract value of Rs 1,947 crore and is expected to be completed within 1095 days from the appointed date. This achievement aligns with GR Infraprojects' commitment to delivering vital infrastructure projects across India.

Earlier, the company successfully provisional completion of the construction of the Eight Lane Vadodara Kim Expressway project. This significant milestone was achieved by GR Ena Kim Expressway Private Limited, a wholly-owned subsidiary of the company. The Independent Engineer issued the Provisional Certificate on January 10, 2025, declaring the project fit for commercial operation effective November 30, 2024. This HAM Mode project, with a project cost of Rs 2,187 crore, commenced on December 11, 2021, and demonstrates GR Infraprojects' continued commitment to delivering high-quality infrastructure projects across India.

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 19 per cent from its 52-week low of Rs 1,109.20 per share. Investors should keep an eye on this mid-cap stock.

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