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The scope of the project entails 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 estimated cost of the project is Rs 740.77 crore. The scope of the Karnataka project involves construction of 4/6 lane bypass for Belagavi city from (Goa side of NH‐4A) to (Pune side of NH‐4) on hybrid annuity mode (Package 1). The estimated cost of the project is Rs 897.37 crore. The subsequent project involves four lane with paved shoulders in Belgaum-Hungund-Raichur section of NH‐748A (extension SH‐ 20) in the state of Karnataka on hybrid annuity mode (Package‐5) under NH(O). The company said that the estimated project cost is Rs 716.47 crore. The Maharashtra project comprises six laning of Surat-Nashik-Ahmednagar-Solapur-MH/KNT Border Greenfield stretch (Package-XIV) from Hasapur to Badadal and it is to be executed on hybrid annuity mode under Bharatmala Pariyojana. The cost of the project is Rs 872.17 crore. Lastly, the project consists four laning of NH 530B from Devinagar bypass to Kasganj bypass in Uttar Pradesh on hybrid annuity mode. The estimated cost of the project is Rs 1,226.87 crore. All the aforementioned projects are expected to be completed within 730 days from appointed date and the operation period is 15 years from the commercial operation date. Meanwhile, G R Infraprojects said that it has emerged as lowest (L‐1) bidder for the tender invited by National Highways Authority of India for a construction project aggregating to Rs 847.87 crore in Telangana. The scope of the project entails construction of four‐lane access controlled Greenfield Highway section of NH‐163G (Warangal‐Khammam) from Venkatpur village in Warangal District to Thallasenkesa village in Mahabubabed district under other economic corridor NH(O) programme on hybrid annuity mode in the state of Telangana (Package‐II). The bid project cost is Rs 847.87 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. 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. Shares of G R Infraprojects gained 2.49% to settle at Rs 970 on Wednesday, 29 March 2023. Powered by Capital Market - Live News
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