This small-cap infra stock engaged in engineering, procurement, and construction (EPC) projects, primarily in road, highway, railway, metro, and infrastructure development across India, jumped 2 percent upon signing a highway project with the National Highways Authority of India (NHAI) worth Rs. 4,263 crore.
With a market capitalization of Rs. 10,073.08 crores, the share of G R Infraprojects Limited has reached an intraday high of Rs. 1,063.85 per equity share, rising nearly 2.38 percent from its previous day’s close price of Rs. 1,039.15. Since then, the stock has retreated and is currently trading at Rs. 1,047.15 per equity share.
What Happened
On April 30, 2025, Agra Gwalior Highway Private Limited, a wholly owned subsidiary of G R Infraprojects Limited, signed a concession agreement with the National Highways Authority of India (NHAI).
The agreement is for the construction of a greenfield six-lane Agra-Gwalior highway and improvement of an existing section under the DBFOT model at the BOT (toll) mode. The project, costing Rs. 4,262.78 crore, will cover parts of Uttar Pradesh, Rajasthan, and Madhya Pradesh and be completed in 910 days.
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Order Book
As of December 31, 2024, the company holds a strong order book of Rs. 16,886.9 crore. The company’s order book is mainly distributed across road projects (70 percent), followed by transmission (9 percent), tunnel works (8 percent), and railway & metro (5 percent). Smaller shares come from the MMLP and OFC segments, indicating a strong focus on road infrastructure.
Client base
G R Infraprojects Limited’s clients include NHAI, MoRTH, MSRDC, NHIDCL, UPEIDA, NHLML, East Coast Railway, PWD Rajasthan, NHPC, Katra, RVNL, BSRDCL, Bangalore Metro, and REC, showcasing their extensive work in infrastructure, transportation, and power development across India.
Financial Highlights
G R Infraprojects Limited’s revenue has decreased from Rs. 2,134 crore in Q3 FY24 to Rs. 1,694 crore in Q3 FY25, which has decreased by 20.62 percent. The net profit has grown by 8.23 percent from Rs. 243 crore in Q3 FY24 to Rs. 263 crore in Q3 FY25.
Written By – Nikhil Naik
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