GMR Infra gains on emerging as lowest bidder for Rs 5000 crore railway project

26 Nov 2014 Evaluate

GMR Infrastructure is currently trading at Rs. 20.35, up by 0.20 points or 0.99 % from its previous closing of Rs. 20.15 on the BSE.

The scrip opened at Rs. 20.80 and has touched a high and low of Rs. 20.85 and Rs. 20.30 respectively. So far 569716 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 38.30 on 10-Jun-2014 and a 52 week low of Rs. 17.20 on 30-Sep-2014.

Last one week high and low of the scrip stood at Rs. 20.90 and Rs. 19.25 respectively. The current market cap of the company is Rs. 8875.14 crore.

The promoters holding in the company stood at 64.11 % while Institutions and Non-Institutions held 24.34 % and 11.54 % respectively.

GMR Infrastructure (GIL) led consortium has emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track railway line from Mughalsarai to new Bhaupur on EPC basis.

The Eastern Dedicated Freight Corridor extends from Ludhiana to Dankuni near Kolkata. Dedicated Freight Corridor Corporation of India (DFCCIL) received five bids for the project wherein the GIL led consortium has quoted a price of Rs 5080 crore. GMR Infrastructure is implementing 2 railway projects for Rail Vikas Nigam (RVNL) at present and has requisite experience to implement the project.

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.

GMR Infrastructure Share Price

36.40 1.55 (4.45%)
May 17, 18:01 View Price Chart
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