GR Infra up 4%

GR Infraprojects is in the limelight today; it opened over 4% higher at Rs.1339, which was also its intraday high. Its 52-week high stands at Rs.1425.

The stock price rose after the company announced that its two wholly owned subsidiaries have executed a concession agreement with NHAI worth Rs 1,457.2 crore.

This is for four-laning with paved shoulders in the Belgaum – Hungund – Raichur Section of NH?748A (Ext. SH?20) in Karnataka on a hybrid annuity mode under NH(O) (Package?5).

The bid project cost is Rs 716.47 crore and to be completed in 730 days from the appointed date.