G R Infraprojects Limited — Important, 18-03-2025: General Updates

G R Infraprojects Limited has received a Letter of Acceptance from the National Highways Authority of India for the construction of the Agra-Gwalior Greenfield Road project. This project involves two sections: the first section is a six-lane access-controlled highway spanning approximately 88.4 km, and the second section includes overlay and strengthening works on an existing roadway of NH-44 in Uttar Pradesh, Rajasthan, and Madhya Pradesh.

The estimated project cost is ₹4,262.78 Cr, with a completion period of 910 days from the appointed date, using a Design-Build-Finance-Operate-Transfer (DBFOT) model under the BOT (Toll) scheme. This development is a significant addition to the company’s project portfolio, complementing its growth strategy. Investors should monitor this project closely, as successful execution could enhance the company's market position and financial performance.