Rs 14,974.60 crore order book: Civil construction company emerged as lowest bidder (L‐1) bidder from an order worth Rs 903.53 crore from Maharashtra Metro Rail Corporation
The stock is up by 70 per cent from its 52-week low of Rs 1,025 per share.
On Tuesday, shares of G R Infraprojects Ltd gained 1.90 per cent to Rs 1,696.35 per share from its previous closing of Rs 1,664.80. The stock’s 52-week high is Rs 1,859.95 and its 52-week low is Rs 1,025.
G R Infraprojects Limited is pleased to announce that it has emerged as the Lowest Bidder (L1), for the design and construction of the elevated metro viaduct (17.624 km) between Ch. 21256.814 and Ch. 38881.7 in Reach-1A of the Nagpur Metro Rail Project Phase-2. This includes the construction of railway spans (79m & 100m) and a 6-lane Double-decker portion with a Vehicular Underpass (VUP) from Ch. 25755.211 to Ch. 26895.211. The total length of this section is 1.14 km. The project is valued at Rs 903.53 crore and will be executed under the EPC mode with a construction period of 30 months. This significant win reinforces G R Infraprojects Limited's position as a leading player in the infrastructure sector.
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 16,000 crore and the order book as of June 2023, stands at Rs 14,974.60 crore. The company reported positive numbers in its Quarterly Results (Q1FY25) and annual results (FY24).
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 70 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.