G R Infraprojects Secures Major Pune Ring Road and Nagpur Metro Projects

16 Oct 2024 , 01:00 PM

G R Infraprojects Ltd has received a Letter of Acceptance (LOA) from Maharashtra State Road Development Corporation Ltd (MSRDC) for constructing a 9.341-km segment of the Pune Ring Road.

At the time of writing on October 16, 2024 at 12:59 pm, shares of G R Infraprojects Ltd is trading at ₹1637.30 which is a 1.12% gain than the previous close. G R Infraprojects Ltd has gained 36% in the last one year, and 44% since the beginning of the year.

The project is valued at ₹1,885.63 Crore and will be executed in Engineering, Procurement, and Construction (EPC) mode.

The segment spans from Kalyan/Rathwade village to Shivare/Kusgaon village in Pune district and has a 36-month completion timeline from the start date.

GR Infraprojects also secured a ₹903.5 Crore contract from Maharashtra Metro Rail Corporation Ltd for the design and construction of an elevated metro viaduct in Nagpur.

The Nagpur Metro Rail Project spans 17.6 km and includes two special railway spans of 79 and 100 meters each.

The contract includes a 1.14-km double-decker six-lane section with a vehicular underpass (VUP) as part of Phase-2, Reach-1A of the Nagpur Metro Rail Project.

Both projects emphasize the company’s role in major infrastructure development in Maharashtra, strengthening its portfolio in the road and metro construction sectors.