Shares of GR Infraprojects Ltd rallied 5% on 9 October after the company announced securing a Letter of Approval (LoA) from the State Highways Authority of Jharkhand for a total consideration of Rs 290.23 crore.

In its regulatory filing, the company said, “We are pleased to inform you that our company has received a Letter of Acceptance dated 08 October 2025 from State Highways Authority of Jharkhand.” 

The contract is for the engineering, procurement, and construction (EPC) of the Giridih Bypass (towards Tundi) road (total length 26.672 kilometres) by the Jharkhand State Highways Authority. The project must be completed within 24 months of the specified date. 

In August, the company was named the L-1 bidder for developing a transmission system for the evacuation of power from renewable energy (RE) projects in Rajgarh (1,500 MW) SEZ in Madhya Pradesh, Phase III and Neemuch (1,000 MW) SEZ in Madhya Pradesh, Phase II.

The annual transmission charges are anticipated at Rs 367 crore, and the project must be finished within 24 months after the special purpose vehicle (SPV) acquisition. The company will thereafter oversee the project’s operation and maintenance (O&M) for the next 35 years.

G R Infraprojects Limited (GRIL) is a renowned Indian infrastructure construction business with over 25 years of expertise, focusing on the development of roads and highways. 

Headquartered in Udaipur, Rajasthan, with a corporate office in New Delhi, the company operates throughout India and is gradually expanding into international markets.

It uses an integrated project execution methodology, overseeing each phase from inception to completion, and is actively involved in Engineering, Procurement, and Construction (EPC), Build-Operate-Transfer (BOT), and Hybrid Annuity methodology (HAM) projects.

At 1:25 pm, the shares of GR Infraprojects were trading 1.88% higher at Rs 1,267.90 on NSE. 

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