G R Infraprojects Stock Gained More Than 2% Today
By Ankur Chandra | Published at: Jul 9, 2025 04:20 PM IST
New Delhi, July 9, 2025 – G R Infraprojects Ltd (NSE: GRINFRA) stock closed the day today, up by 2.93% at Rs 1,285.50. This after the company has announced the appointment or initiation date for a major NHAI highway project in Bihar worth ₹1,248.37 crore. The company’s share price surged 2.91% intraday to ₹1,285.20 following the movement.
G R Infraprojects informed the exchanges that its wholly owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has received the appointed date from NHAI for the development of a 33.50 km stretch of the 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea to Sagrampur in Bihar.
| Project Description | Contract Value (₹ Cr) | Mode | Completion Time | Appointed Date |
|---|---|---|---|---|
| 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway (Pkg-7) | 1,248.37 | Hybrid Annuity Mode (HAM) | 730 days | 01-Jul-2025 |
The project falls under the Bharatmala Pariyojana and is to be executed on a Hybrid Annuity Model (HAM) basis, further solidifying the company’s position in national infrastructure development.
Market Reaction (As of 12:21 PM IST)
Shares of GR Infraprojects were seen trading higher by ₹36.30 (2.91%) at ₹1,285.20, outperforming broader indices.
| Metric | Value |
|---|---|
| Previous Close | ₹1,248.90 |
| Day’s High | ₹1,288.00 |
| Day’s Low | ₹1,243.90 |
| VWAP | ₹1,270.89 |
| 52-Week High | ₹1,837.55 |
| 52-Week Low | ₹901.00 |
| Market Cap | ₹12,433.06 Cr |
| Free Float Market Cap | ₹3,141.64 Cr |
| P/E Ratio | 11.88 |
Investor interest remained strong with a near-balanced buy-sell quantity (15,811 vs 15,599), while 73.91% of the traded volume was marked for delivery, reflecting bullish sentiment.
Outlook
The ₹1,248.37 crore NHAI project awarded to G R Infraprojects strengthens G R Infraprojects’ portfolio of infrastructure projects and reinforces its growth under HAM. The rise in the stock indicates that investors have further eased concerns around G R Infraprojects’ ability to execute and the strength of its future order book.
About the Company
Listed on NSE and BSE since July 2021, G R Infraprojects Ltd is a key player in the civil construction sector with a focus on roads and highways. It is part of the NIFTY Total Market index and has consistently participated in national infrastructure initiatives, such as Bharatmala and HAM-based EPC contracts.
REF: https://nsearchives.nseindia.com/corporate/GRINFRA_09072025121849_Intimation_of_appointed_date_09072025.pdf
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