G R Infraprojects shares rise 3% on project win worth Rs 1,885.6 crore- Grow Mudra

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G R Infraprojects shares rise 3% on project win worth Rs 1,885.6 crore

16 Oct , 2024 By : Debdeep Gupta

G R Infraprojects shares rise 3% on project win worth Rs 1,885.6 crore

G R Infraproject's share price rose more than 3 percent in the early trade on October 16 after the company received a Letter of Acceptance for a project worth Rs 1997.07 crore from Maharashtra State Road Development Corporation Limited.

At 09:21 am, G R Infraprojects was quoting at Rs 1,675.55, up Rs 53.50, or 3.30 percent, on the BSE.

The project is for the construction of access-controlled Pune Ring Road in Pune district package PRR W5 from village Kalyan/Rathwade to village Shivare/Kusgaon Phase in the State of Maharashtra on EPC Mode.

Last week, the company received a Letter of Acceptance (LoA) from Maharashtra Metro Rail Corporation Limited for the Nagpur Metro Rail Project.

The project includes the design and construction of an elevated metro viaduct of length 17.624 km including railway spans of length 79m & 100m and a 6-lane double-decker portion with vehicular underpass (VUP) for a total length of 1.14 km in Reach-1A of NMRP Phase-2.

The bid project cost is Rs 903.53 crore and is to be completed in 30 months.

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