Rs 19,410.40 crore order book: Road construction company receives order of Rs 290.23 crore from State Highways Authority of Jharkhand

DSIJ Intelligence-1 / 09 Oct 2025/ Categories: Mindshare, Trending

The stock is up 46.2 per cent from its 52-week low of Rs 902.05 per share.

G R Infraprojects Limited has been awarded an EPC (Engineering, Procurement, and Construction) project by the State Highways Authority of Jharkhand, as confirmed by a Letter of Acceptance dated October 8, 2025. This contract involves the construction of the Giridih Bypass (towards Tundi) road, which has a total length of 26.672 km. The project is valued at Rs 290.23 crore and has a stipulated completion period of 24 months from the Appointed Date.

Earlier, the company secured a significant power transmission project from REC Power Development and Consultancy Limited, operating on a Build, Own, Operate and Transfer (BOOT) basis for 35 years, with an annual transmission charge of Rs 367.10 crore. The project is scheduled for completion within 24 months of acquiring the dedicated Special Purpose Vehicle (SPV). The extensive scope of work includes constructing a new 2x500 MVA, 400/220 kV substation at Handiya with associated bus reactors, augmenting transformer capacity at the Neemuch substation and establishing new double-circuit transmission lines, alongside numerous and line bays at substations like Neemuch, Pachora and Rajgarh.

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About the Company

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 June 30, 2025, stands at Rs 19,410.40 crore. The company reported positive numbers in its Quarterly Results (Q1FY26) and annual results (FY25). The shares of the company have a PE of 11x, an ROE of 13 per cent and an ROCE of 14 per cent. The stock is up 46.2 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.