G R Infraprojects Ltd is making waves in the infrastructure sector with some major wins in Maharashtra. From securing contracts with MSRDC to Maharashtra Metro Rail Corporation Ltd, the company is on a roll.
Here are some key developments to take note of:
1. Pune Ring Road Project:
– The company has snagged a contract for a 9.341-km segment of the Pune Ring Road.
– Valued at ₹1,885.63 Crore, this project will be executed in EPC mode.
– The segment will connect Kalyan/Rathwade village to Shivare/Kusgaon village in Pune district.
– Expected completion timeline is within 36 months.
2. Nagpur Metro Project:
– G R Infraprojects has also secured a ₹903.5 Crore contract for an elevated metro viaduct in Nagpur.
– Part of the Nagpur Metro Rail Project, this contract covers a 17.6 km stretch with special railway spans.
– The project includes a double-decker six-lane section and a vehicular underpass as part of Phase-2, Reach-1A.
Market Performance:
– As of October 16, 2024, shares of G R Infraprojects Ltd were trading at ₹1637.30, marking a 1.12% gain.
– The company’s stock has seen a 36% appreciation over the past year and a 44% increase since the beginning of the year.
In conclusion, G R Infraprojects is solidifying its presence in the infrastructure development scene in Maharashtra with these significant projects. With their successful execution, the company is set to play a key role in enhancing the transportation network in the region.
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