G R Infraprojects Limited — Important, 12-01-2025: General Updates

The construction of the Eight Lane Vadodara-Kim Expressway project, a part of the Bharatmala Project in Gujarat, has achieved provisional completion. This project, undertaken by GR Ena Kim Expressway Private Limited—a wholly-owned subsidiary of G R Infraprojects—operates under the Hybrid Annuity Model (HAM) with a total project cost of ₹2187 Cr. The Provisional Certificate was issued by the Independent Engineer and declares the project fit for commercial operations starting from November 30, 2024. This completion marks a significant advancement in infrastructure development within the region and positions G R Infraprojects for potential revenue growth from the operational phase of this project. Positive outlook anticipated as this enhances the company's project portfolio and strengthens its market presence.