GR Infraprojects emerges L-1 bidder for NHAI project worth ₹1453.57 Crore
G R Infraprojects Limited has emerged as the L-1 bidder for a project from NHAI. The project involves upgrading a section of NH-56 in Gujarat on a Hybrid Annuity Mode (HAM) basis. The contract value is ₹1453.57 Crore, with a completion period of 910 days.
The value of the new order is substantial (₹1453.57 Crore), representing a significant addition to the company's project pipeline and expected future revenue.
The company has secured a new order, which is positive for its business growth and revenue prospects.
G R Infraprojects Limited has announced that it has emerged as the L-1 bidder for a significant project from the National Highways Authority of India (NHAI).
The project involves the "Upgradation of Existing Two-Lane Carriageway to Four Lane Divided Carriageway from Ch. 208+90 (Existing Km. 535.93) in Nasarpore Village in Umarpada Taluka to Ch. 269+11 (Existing Km. 608.51) in Malotha Village in Vyara Taluka (Length 60.21 Km.) Section of NH-56 in Gujarat on HAM (Pkg-VI)."
The contract price for this project is ₹1453.57 Crore. The project is to be executed under the Hybrid Annuity Mode (HAM) and has a completion period of 910 days from the appointed date. The company is committed to providing further updates as developments occur.
Additionally, the company informed that its trading window for dealing in securities will remain closed for all designated persons until 48 hours after this announcement, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015.
What to do with a filing like this
G R Infraprojects Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by G R Infraprojects Limited. Read the original for the full detail.