GR Infraprojects Share Zooms 3% amid Project Bid of Rs 737 Crore

Picture Source: Internet

On Thursday at 9:57 am, GR Infraprojects shares soared 3% to Rs 1019 on NSE after the company came to be known as the L1 bidder for the construction project of a 4‐lane highway with paved shoulders from Km 74.700 to Km 112.950 of NH‐731A on the Yamuna Bridge.

The project is situated in the Kausambhi district of Uttar Pradesh. According to the BSE filing, it will be constructed on Hybrid Annuity Mode (HAM).

The project was invited by the Ministry of Road Transport and Highways and had bid at Rs 737.17 crores with a completion period of 730 days from the appointment date. Besides, the operation period is 15 years from the commercial operation date.

GR Infraprojects stock has lost 13.41% of its value since 2023 beginning. Thus, underperforming the Nifty50 benchmark index gave a 0.1% return during the same period.

On a 5-year basis, GR Infraprojects underperformed the benchmark Nifty50 index by a considerable margin. The GR Infraprojects stock lost over 41% of its value over the previous 5 years. The Nifty50 benchmark index gave a return of 70.72% during the same duration.

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