Rs 16,887 crore order book: Infrastructure company declared the appointed date for the highway project of Rs 1,248.37 crore!

G R Infraprojects Limited has announced that its wholly owned subsidiary, GR Varanasi Kolkata Highway Private Limited, received an official letter from the National Highways Authority of India (NHAI) on July 8, 2025. This letter declares the appointed date of July 1, 2025, for the "Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway from Anarbansalea village to Sagrampur village (Package 7)" project in Bihar. This 33.50 km stretch, part of the Bharatmala Pariyojana, will be executed under a Hybrid Annuity Mode (HAM) with a contract price of Rs 1248.37 crore. The project is expected to be completed within 730 days from the appointed date.

Earlier, the company received 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.

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 12,000 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 (Q4FY25) and annual results (FY25). The shares of the company have a PE of 12x, an ROE of 13 per cent and an ROCE of 14 per cent. The stock is up 43 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.