HomeBusiness NewsCompanies NewsGR Infraprojects is the lowest bidder for a NHAI project worth Rs 741 crore

GR Infraprojects is the lowest bidder for a NHAI project worth Rs 741 crore

Under the project, the company will be constructing 44.9 kilometers of a 4 lane with paved shoulders from in Belgaum  – Hungund  –  Raichur  Section  of  NH‐748A (Ext.  SH‐20)  on Hybrid  Annuity  Mode (Package‐6) under NH (O). The project will be completed in 730 says from appointed date and have operation period of 15 years from commercial operation date (COD).

By Jitesh Jha  March 29, 2023, 3:58:58 PM IST (Published)

GR Infraprojects on Wednesday said that it is the lowest bidder (L-1) bidder for a road project worth Rs 741 crore from National Highways Authority of India (NHAI).

Under the project, the company will be constructing 44.9 kilometers of a 4 lane with paved shoulders from in Belgaum  – Hungund  –  Raichur  Section  of  NH‐748A (Ext.  SH‐20)  on Hybrid  Annuity  Mode (Package‐6) under NH (O). The project will be completed in 730 says from appointed date and have operation period of 15 years from commercial operation date (COD).

Also read: GR Infraprojects hits 52-week low despite bagging projects worth Rs 1,614 crore

The construction engineering company in a regulatory filing at exchanges said, “GR Infraprojects Limited has emerged as L‐1 bidder for Construction of 4 lane with paved shoulders from Design  Ch.  228.500  to Design  Ch.  273.400 in Belgaum – Hungund –  Raichur Section  of NH‐748A (Ext. SH‐20) on Hybrid Annuity Mode (Package‐6) under NH (O)."

The financial bid for the project opened on March 29, 2023 and GR Infraprojects bid cost for the project was Rs 741 crore. Shares of GR Infraprojects closed 2.5 percent higher today at Rs 970.

Also read: GR Infra shares surge 9% after third order win in two days