G R Infraprojects Subsidiary Signs ₹1,453 Crore Highway Concession Agreement
G R Infraprojects subsidiary, Nasarpore Malotha Highway Private Limited, signed a concession agreement with NHAI on May 18, 2026. The project involves upgrading a 60.21 km stretch of NH-56 in Gujarat under HAM. The estimated project cost is ₹1,453.57 crore.
The project's value of ₹1,453.57 crore is substantial and will contribute to the company's order book and future revenue, but it is a single project and not a company-wide financial result.
The execution of a concession agreement for a significant highway project is a positive development for the company, indicating business expansion and potential future revenue streams.
Nasarpore Malotha Highway Private Limited, a wholly-owned subsidiary of G R Infraprojects Limited, has executed a concession agreement with the National Highways Authority of India on 18th May 2026.
The project involves the upgradation of an existing two-lane carriageway to a four-lane divided carriageway from Ch. 208+90 (Existing Km. 535.93) in Nasarpore Village to Ch. 269+11 (Existing Km. 608.51) in Malotha Village. This section of NH-56 in Gujarat spans a length of 60.21 Km.
The estimated project cost is ₹1,453.57 crore, excluding GST. The project will be executed under the Hybrid Annuity Mode (HAM) and has a completion period of 910 days from the appointed date, followed by an operation period.
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