GR Infra in the limelight

GR Infraprojects, which had closed yesterday at Rs.1868.55, opened today at Rs.1865 and rose to hit an intraday high at Rs.1963.40. Its 52-week high is at Rs.2045.

The stock has reacted positively to its announcement that it has received a Letter of Award (LoA) dated September 30, 2021, for a new project from the National Highways Authority of India (NHAI).

The project is for the construction of Four / Six lane Greenfield Ludhiana - Rupnagar National Highway No. NH-205K from Junction with NE-5 Village near to Manewal (Ludhiana) to junction with NH-205 near Bheora Village (Rupnagar).

The project includes spur to Kharar with Ludhiana bypass under Bharatmala Pariyojana in the State of Punjab on Hybrid Annuity Mode, Package-1 (Section from Design Ch. 0.000 to Design Ch. 37.700, total length 37.700 Km) on Hybrid Annuity Mode.