Following the completion of an EPC (Engineering, Procurement, and Construction) deal for a Rs 1,885.63 crore infrastructure project in Maharashtra, GR Infraprojects’ stock increased by 6%.

As part of the project, an access-controlled ring road will be constructed in Pune that would run 9.34 kilometers from Kalyan/Rathwade village to Shivare/Kusgaon village. Signed by the Maharashtra State Road Development Corporation Limited (MSRDC), the contract is anticipated to be completed within 36 months of the specified date.

The order book for G R Infraprojects was worth Rs 14,974.6 crore as of June 30, 2024. 

In the quarter that concluded in June, G R Infraprojects reported net sales of Rs 1,896.54 crore, a 12% decrease from the Rs 2,152.41 crore that was recorded during the same time last year. Compared to Rs 208 crore during the same period previous year, the company’s quarterly net profit dropped 27% to Rs 152 crore. EBITDA also had a minor decline, falling 3% from Rs 365.8 crore in June 2023 to Rs 354.8 crore in June 2024.

G R Infraprojects, an integrated EPC business with a focus on road projects, was founded in 1995. The company mainly works on civil construction projects under the EPC and Build-Operate-Transfer (BOT) models in the road sector, and has vast expertise designing and building a range of road and highway projects throughout 15 Indian states.

At 1:21 pm, the shares of GR Infraprojects were trading 2.69% higher at Rs 1,597.20 on NSE.

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