GR Infra on good roads

GR Infraprojects stated yesterday that it has emerged as L-1 bidder for the tender invited by National Highways Authority of India.

This is for '4-Laning of UjjainBadnawar Section from km 26.9 to km 96.00 (Length-69.1 km) in Madhya Pradesh on HAM.

The bid project cost is at Rs.907 crore and first year O&M cost is pegged at Rs.3.47 crore.

The completion period is 730 days from appointed date while the operation period is 15 years from commercial operation date.

The stock, which had closed yesterday at Rs.1427.40, opened today at Rs.1460 and went up to an intraday high at Rs.1480.