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

GR Logistics Park (Indore) Private Limited, a wholly owned subsidiary of G R Infraprojects, has confirmed the appointed date for its Multi Modal Logistics Park project in Indore as 21st November 2024. The project, valued at ₹758.10 Cr, will be executed through a Public Private Partnership (PPP) model under a Design, Build, Finance, Operate and Transfer (DBFOT) framework. Construction for phase one is set to take two years from the appointed date, followed by an operational period of 45 years. This development strengthens the company's position in the logistics sector, with significant long-term revenue potential. Investors should monitor this strategically important project closely.