G R Infraprojects bags order from NHAI for project in Uttar Pradesh

G R Infraprojects Limited stocks rally during the afternoon session on Wednesday as the company received Letter of Award (LOA) from NHAI.

As per the regulatory filing, the company gets Letter of Award ("LOA") from National Highways Authority of India for a project "Four laning of NH 530B from Kasganj Bypass End (Existing Km. 150.100 of NH 530B/ Design Km. 123.100) to Chandan Nagar (Existing Km 96.200 of NH 530B/Design Km. 179.500) section of NH 530B in the State of Uttar Pradesh on HAM mode - Package 3".

Further, the bid project cost is Rs1085.47 crore and the completion period is 730 days from the appointed date, said the company.

At around 1:12 PM, the shares of the company were trading at Rs 1296.05 per share higher by 2.27% on the BSE.

Source: Media Reports