Key Points of GR Infra Bags NHAI Project:
- GR Infraprojects has secured the lowest bid for a project worth Rs 872.17 crore from NHAI.
- The project involves six-laning of the Surat-Nashik-Ahmednagar-Solapur-MH/KNT border Greenfield stretch in Maharashtra.
- The project will be executed on a hybrid annuity mode under the Bharatmala Pariyojana.
- The project must be completed within 730 days from the appointed date, and the operation period will be 15 years from the commercial operation date.
- GR Infraprojects was established in 1995 by Vinod Agarwal and mainly undertakes civil construction projects under the EPC and BOT basis in the road sector.
- In March alone, the company secured orders worth over Rs 3,200 crore, including the current order.
- In February, the company reported a surge of over 100 percent in profit and over 12 percent in revenue compared to the same quarter last year, indicating its impressive performance and expertise in the road construction industry.
Details of GR Infra Bags NHAI Project:
GR Infraprojects Bags Lowest Bid for NHAI Project Worth Rs 872.17 Crore
GR Infraprojects, an integrated road engineering, procurement, and construction company, announced on Tuesday that it has emerged as the lowest bidder for a project worth Rs 872.17 crore, offered by the National Highways Authority of India (NHAI). The project involves six-laning of the Surat-Nashik-Ahmednagar-Solapur-MH/KNT border Greenfield stretch in Maharashtra and will be executed on a hybrid annuity mode under the Bharatmala Pariyojana. According to the company’s exchange filing, the project must be completed within 730 days from the appointed date, and the operation period will be 15 years from the commercial operation date.
GR Infraprojects, established in 1995 by Vinod Agarwal, mainly undertakes civil construction projects under the EPC and Build Operate Transfer (BOT) basis in the road sector. The company has a proven track record in designing and executing road and highway projects. In March alone, the company secured orders worth over Rs 3,200 crore, including the current order.
In February, the company reported its third quarter earnings, showing a surge of over 100 percent in profit to Rs 323.7 crore from Rs 146 crore in the same quarter last year. The revenue also increased by over 12 percent to Rs 2,191.9 crore against Rs 1,955.3 crore in the same quarter last year. With its impressive performance and expertise, GR Infraprojects is set to become a significant player in the road construction industry.
About GR Infra:
With experience in designing and constructing various road/highway projects across 14 states in India, GR Infra is an integrated road EPC company.
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