Rs 16,887 crore order book: Civil construction company signs MoU for development of a ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya

The shares of the company have a PE of 10x, an ROE of 16 per cent and an ROCE of 17 per cent.

GR Infraprojects Limited announced a significant development in Assam, where the company has entered into a Memorandum of Understanding (MoU) with the Government of Assam on February 26th, 2025. This MoU pertains to the "Development of a Ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya" in Guwahati, a project aimed at enhancing connectivity and tourism in the region. The Government of Assam has committed to facilitating the project by assisting GR Infraprojects Limited in securing all requisite permissions, registrations, approvals, and clearances from relevant state departments, agencies, and authorities, ensuring adherence to existing policies and regulations.

The MoU, with a proposed investment of Rs 270 crore, outlines a collaborative effort to establish this vital infrastructure. The agreement is valid for a maximum period of 12 months from the date of signing, with the potential for extension by the Government of Assam. This project underscores GR Infraprojects Limited's commitment to contributing to the development of infrastructure in India and signifies a strategic partnership with the Assam government to improve accessibility to the revered Bhubaneshwari Temple and Kamakhya region.

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 December 31, 2024, stands at Rs 16,887 crore. The company reported positive numbers in its Quarterly Results (Q3FY25) and nine-month results (9MFY25).

The shares of the company have a PE of 10x, an ROE of 16 per cent and an ROCE of 17 per cent. The stock is up 4 per cent from its 52-week low of Rs 993.90 per share. Investors should keep an eye on this mid-cap stock.

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