G R Infraprojects Limited — Important, 25-11-2024: General Updates

"GR Infraprojects Limited" has confirmed the appointed date of November 21, 2024, for two significant highway projects undertaken by its wholly owned subsidiaries, "GR Belgaum Raichur (Package-5)" and "GR Belgaum Raichur (Package-6)."

1. Package-5 involves the construction of a 4-lane highway with a project cost of ₹716.47 Cr under a Hybrid Annuity Mode (HAM), with a completion period of 730 days from the appointed date and a 15-year operation period post-commercial operation.

2. Package-6 includes a similar 4-lane construction with a project cost of ₹740.77 Cr, also under HAM, with identical completion and operational timelines.

These projects may enhance the company's portfolio and revenue potential in the infrastructure sector, warranting close monitoring from investors.