Rs 16,887 crore order book: Rail infrastructure company bags new order worth Rs 262,28,00,000 from Western Railways
The stock is up 17.2 per cent from its 52-week low of Rs 902.05 per share.
G R Infraprojects Limited has been awarded a Letter of Acceptance from Western Railways for an EPC tender valued at Rs 262.28 crore. The project involves the gauge conversion of a 38.900 km track between Kosamba and Umarpada in the Vadodara division, including associated earthwork, blanketing, ballast supply, construction of minor and major bridges, office and service buildings, water supply and sanitation, platforms, station amenities, retaining and boundary walls, side drains, and complete track linking with material supply, excluding new rails. The project is expected to be completed within 730 days from the appointed date.
Earlier, the company has secured an Advance Work Order (AWO) from Bharat Sanchar Nigam Limited (BSNL), acting on behalf of the Department of Telecom (DoT), for a significant project in the Kerala Telecom Circle. This Design, Supply, Construction, Installation, Upgradation, Operation, and Maintenance undertaking involves the middle mile network of Bharatnet under Package No.- 16 of Tender Enquiry No: MM/BNO&M/BN-III/T-791/2024, dated February 15, 2024. The contract, valued at Rs 1257,28,74,429.22, follows a Design Build Operate and Transfer (DBOT) model, encompassing a 3-year execution period followed by 7 years of operation and maintenance.
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Established in 1995, G R Infraprojects Ltd is an integrated road EPC company experienced in designing and constructing various road and highway projects across India. Primarily focused on civil construction through EPC and BOT models in the road sector, GRIL has designed and built over 100 road projects across numerous states. Its core business includes EPC, BOT, and HAM projects in roads, as well as EPC in railway, metro, airport runways, and OFC; the company has also diversified into power transmission and manages 10 operational assets.
According to the financials, GR Infraprojects Ltd has a market cap of over Rs 10,000 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 11x, an ROE of 16 per cent and an ROCE of 17 per cent. The stock is up 17.2 per cent from its 52-week low of Rs 902.05 per share.
Disclaimer: The article is for informational purposes only and not investment advice.