Rs 26,847 crore order book: This civil construction company executes a Rs 737.17 crore concession agreement with the Ministry of Road Transport and Highways!

Shares of the company gained more than 22 per cent in the last six months.

G R Infraprojects Limited informed in the exchange filing that the company’s wholly-owned subsidiary, GR Yamuna Bridge Highway Private Limited has executed the concession agreement with the Ministry of Road Transport and Highways on 20th September 2023. The agreement involves the construction of a four-lane highway from Baranpur Kadipur Ichauli to Rampuriya Awwal of Yamuna Bridge) in the State of Uttar Pradesh in Hybrid Annuity Mode.

The project is worth Rs 737.17 crores, with a completion period of 730 days from the appointment date. The project has an operation period of 15 years from the commercial operation date.

Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement, and Construction company 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 EPC and BOT basis in the road sector.

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On Friday, the stock opened at Rs 1221.00, with a high and low of Rs 1244.00 and Rs 1221.00. The stock is closed trading at Rs 1235.20, up by 0.68 per cent over its previous close of Rs 1226.80. 

The stock has a 52-week high of Rs 1381.60 and a 52-week low of Rs 930.00. The company has an ROCE of 21.6 per cent and an ROE of 26.1 per cent, with a market capitalisation of Rs 11,951 crore.

Investors should keep a close eye on this stock.

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