G R Infra gains on inking concession agreements worth Rs 1,457 cr

The first project contains four laning with paved shoulders from Belgaum - Hungund - Raichur Section of NH‐748A in Karnataka on HAM (Package‐5) under NH(O). The project will be developed by GR Belgaum Raichur (Package‐5) Highway and bid cost of this project is Rs 716.47 crore.

The second project pertains to Construction of four laning with paved shoulders from Belgaum - Hungund - Raichur Section of NH‐748A on HAM (Package‐6) under NH(O). This project will be developed by GR Belgaum Raichur (Package‐6) Highway and bid project cost stands at Rs 740.77 crore.

Both the projects are to be completed in 730 days from appointed date and operated for 15 years, from commercial operation date.

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company largely focused on road sector. The company has also recently diversified into projects in the railway sector.

The company's consolidated net profit declined 23.5% to Rs 309.84 crore on 7.9% fall in revenue from operations to Rs 2,478.23 crore in Q1 FY24 over Q1 FY23.

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