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G R Infraprojects JV executes agreement with NHPC; Stock up 1.5%

Oct 10, 2023

By: BlinkX Research Team

G R Infraprojects Ltd stocks in focus today as the company announced the execution of contract agreement with NHPC Ltd. 

According to the filing, Dibang Power (Lot 4) Consortium (JV of G R Infraprojects Limited and Patel Engineering Limited) has executed the contract agreement with the NHPC Limited on Monday for construction of civil works for LOT‐4: Head Race Tunnel including Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail Race Tunnel, Pothead Yard, Adits for Dibang Multipurpose Project, Arunachal Pradesh, India.

The bid project cost for above mentioned is Rs 3637.12 crore and share of G R Infraprojects in consortium is 50%.

Notably, the completion period for this project is 86 months, the company said in a regulatory filing on Monday.

At around 9:52 AM on Tuesday, shares of G R Infraprojects were trading higher by 1.47% at Rs 1208.40 per share on the BSE.