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GR Infraprojects jumps on emerging as highest bidder for project in Madhya Pradesh

24 Feb 2023 Evaluate

GR Infraprojects is currently trading at Rs. 1079.45, up by 11.80 points or 1.11% from its previous closing of Rs. 1067.65 on the BSE.

The scrip opened at Rs. 1084.95 and has touched a high and low of Rs. 1106.65 and Rs. 1053.75 respectively. So far 4215 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1624.40 on 18-Apr-2022 and a 52 week low of Rs. 1,053.75 on 24-Feb-2023.

Last one week high and low of the scrip stood at Rs. 1210.00 and Rs. 1,053.75 respectively. The current market cap of the company is Rs. 10469.97 crore.

The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.47% and 3.79% respectively.

GR Infraprojects has emerged as Highest bidder in Financial Bid Opening dated February 24, 2023 for project Development, Operation and Maintenance of Multi Modal Logistics Park (MMLP) Indore near Pithampur, in Dhar District in the State of Madhya Pradesh through Public Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The tender was invited by National Highways Logistics Management. Bid project cost for the said project is Rs 758.10 crore.

GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.

Peers
Company Name CMP
Larsen & Toubro 3924.40
Kalpataru Projects 1395.10
NCC 136.15
Rail Vikas Nigam 212.70
KEC International 397.15
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