G R Infraprojects shares touched a day high of Rs 793.55 on Thursday, the day it signed a Rs 91.60 crore deal for a Varanasi logistics park.

G R Infraprojects Limited said its wholly owned subsidiary, Fourwrd MMLP Varanasi Private Limited, signed a concession agreement with Varanasi MMLP Limited on 15 October.

A concession agreement is a long-term contract that lets a private firm build and run a public project. The deal is worth Rs 91.60 crore, excluding GST.

The project is a Multi Modal Logistics Park in Varanasi, Uttar Pradesh. Think of it as a freight hub where cargo can switch between trucks, trains and other transport. Business Upturn says the park should help supply chains in the region.

The subsidiary will design, build, finance and run the park, then hand it over. That model goes by the name DBFOT.

Construction should take one year from the appointed date, the day the construction clock starts.

The full concession lasts 45 years, and that includes the building period.

The filing reached NSE at about 2:26 pm. By then, the shares were already trading below Wednesday’s close.

The deal has been moving since August. Sources reports that G R Infraprojects emerged as the successful bidder on 7 August and received its Letter of Award on 13 August.

Sources put the company’s order book at Rs 10,720.79 crore in August. The new deal equals under 1% of that figure.

Souces calls the deal a diversification into logistics infrastructure, a contrast with the multi-thousand-crore highway awards seen earlier this fiscal year.

G R Infraprojects closed at Rs 775.45 on NSE on Thursday, down by 1.32% from Wednesday’s close of Rs 785.80.

Its 52-week high is Rs 1,271.90, set in October 2025. Over the past year, the shares have lost 36.93%.

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