Rs 14,640.50 crore order book: Civil construction company emerges at lowest bidder (L1) for order worth Rs 262.28 crore for Western Railway project

The stock is up 17.6 per cent from its 52-week low of Rs 1,168.70 per share.

GR Infraprojects Limited has been declared the L-1 bidder for a Western Railway project involving the gauge conversion of a 38.9 km track section between Kosamba and Umarpada in the Vadodara division. The ₹262.28 crore EPC contract encompasses various associated works, including earthwork, blanketing, ballast supply, bridge construction, building construction (offices, service buildings, stations), water supply and sanitation arrangements, platform construction, retaining/boundary wall construction, side drains, complete track linking (excluding new rails), and works related to 30 railway under bridges (RUBs). The project is expected to be completed within 24 months from the appointed date.

Earlier, the company 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.

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 13x, an ROE of 16 per cent and an ROCE of 17 per cent. The stock is up 17.6 per cent from its 52-week low of Rs 1,168.70 per share. Investors should keep an eye on this mid-cap stock.

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