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The scope of the project involves construction of four lane with paved shoulders in Belgaum-Hungund-Raichur section of NH‐748A (extension SH‐20) on hybrid annuity mode (Package‐6) under NH (O). The bid project cost stood at Rs 740.77 crore. The construction is expected to be completed in 730 days from appointed date and the operation period is 15 years from the commercial operation date. Meanwhile, the civil construction company announced that it has received letter of acceptance (LoA) from East Coast Railway for the construction of tunnel work and allied works of Khurda-Bolangir new rail line project. The cost of the project stood at Rs 587.59 crore. G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company largely focused on road sector. The company has also recently diversified into projects in the railway sector. The company's consolidated net profit zoomed to Rs 323.65 crore in the quarter ended December 2022 as against Rs 145.48 crore during the previous quarter ended December 2021. Net sale rose 12.10% YoY to Rs 2,191.88 crore in Q3 FY23. Powered by Capital Market - Live News
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