Rs 16,887 crore order book: Civil construction company bags new order worth Rs 4,262.78 crore from National Highways Authority of India
The stock is up 19.3 per cent from its 52-week low of Rs 902.05 per share.
GR Infraprojects Limited has been awarded a significant project by the National Highways Authority of India, as evidenced by a Letter of Acceptance dated March 18, 2025. This project, valued at Rs 4,262.78 Crores (inclusive of GST), involves the construction of the Agra-Gwalior Greenfield Road under a DBFOT (Design, Build, Finance, Operate, Transfer) pattern at BOT (Toll) Mode. It encompasses two sections: the development of a 6-lane access-controlled greenfield highway from design km 0+000 to 88+400, spanning Uttar Pradesh, Rajasthan, and Madhya Pradesh, and the overlay/strengthening of an existing Agra-Gwalior section from 1058.00 to 1148.00 km (design chainage 13.00 to 103.00) of NH-44, also across the same three states. The project is scheduled for completion within 910 days from the appointed date.
Earlier, GR Infraprojects Limited partnered with the Assam government via an MoU to build a Rs 270 crore ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya in Guwahati. The government will assist with approvals, aiming to improve tourism and connectivity. The 12-month agreement, with potential extension, reflects GR Infraprojects' commitment to infrastructure development.
DSIJ's DSIJ's ‘Mid Bridge’ service recommends well researched Mid-Cap stocks for smart investing. If this interests you, do download the service details here.
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 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 10x, an ROE of 16 per cent and an ROCE of 17 per cent. The stock is up 19.3 per cent from its 52-week low of Rs 902.05 per share. Investors should keep an eye on this mid-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.