GR Infraprojects Ltd. has recently won the bid for a major engineering, procurement, and construction (EPC) project in Pune. The project, valued at Rs 1,947 crore, focuses on constructing an access-controlled Pune Ring Road, a crucial infrastructure development initiative by the Maharashtra state government.
The scope of the project includes the construction of the Pune Ring Road from Sonori to Garade in Pune district, spanning a distance of 97 kilometers. The project is expected to be completed in 1,095 days and aims to streamline traffic flow and enhance regional connectivity in the area.
In addition to this milestone, GR Infraprojects has achieved significant success in other recent projects, including the completion of the Rs 2,187 crore Vadodara-Mumbai Expressway and the award of the Rs 904 crore Nagpur Metro project.
Despite a slight decline in net profit and revenue in the second quarter of FY25, GR Infraprojects’ stock performance has been relatively stable, with a 14.22% increase in the past year. Analyst opinions on the stock are mixed, with 5 analysts recommending a buy, 2 recommending a hold, and 6 recommending a sell.
Overall, GR Infraprojects’ success in securing large-scale projects highlights its leadership in infrastructure development and its potential for sustained growth in the long term.
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