GR Infra shares rise 5% after winning ₹2,440 crore project
pre-market1 source ↓written by the desknot a recommendation
- Infraprojects Ltd surged
- 5%
- after the company
- 18 March
- highway project
- ₹2,440.87 crore
- be completed
- 910 days
- for a railway
- ₹1,897.51 crore
Shares of GR Infraprojects Ltd surged 5% on 18 March after the company was awarded the lowest bidder (L1) status for a ₹2,440.87 crore highway project in Bihar by the National Highways Authority of India. The project involves constructing a four-lane greenfield section of National Highway-33 from Mokama to Munger, to be completed within 910 days.
This win follows a recent order of ₹1,897.51 crore for a railway line project in Madhya Pradesh, indicating strong momentum in GR Infraprojects' order book.
Not investment advice. For informational purposes only.