G R Infraprojects Ltd, a key player in the infrastructure sector, has recently secured major contracts from the Maharashtra State Road Development Corporation Ltd (MSRDC) and the Maharashtra Metro Rail Corporation Ltd. These contracts highlight the company’s dedication to improving Maharashtra’s transportation network.
1. Pune Ring Road Project:
– The company has received a Letter of Acceptance for the construction of a 9.341-km segment of the Pune Ring Road.
– Valued at ₹1,885.63 Crore, the project will be executed in Engineering, Procurement, and Construction (EPC) mode.
– The segment will connect Kalyan/Rathwade village to Shivare/Kusgaon village in Pune district.
– The project is expected to be completed within 36 months from the commencement date.
2. Nagpur Metro Project:
– G R Infraprojects has secured a ₹903.5 Crore contract for the design and construction of an elevated metro viaduct in Nagpur.
– This contract is part of the Nagpur Metro Rail Project, which spans 17.6 km and includes two special railway spans.
– The contract also includes a 1.14-km double-decker six-lane section along with a vehicular underpass as part of Phase-2, Reach-1A of the project.
3. Market Performance:
– As of October 16, 2024, shares of G R Infraprojects Ltd were trading at ₹1637.30, reflecting a 1.12% gain from the previous close.
– The company’s stock has appreciated by 36% over the past year and has seen a 44% increase since the beginning of the year.
In conclusion, these projects showcase G R Infraprojects’ strong presence in the road and metro construction sectors in Maharashtra. With the successful execution of these contracts, the company is poised to contribute significantly to the growth of essential transportation infrastructure in the region.
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