This Smallcap stock which is engaged in the business of civil construction projects under the EPC and BOT basis, in focus after the entering MoU with the Assam Govt for the Ropeway Project worth Rs. 270 crore.
Price Action
With a market capitalization of Rs. 9,721.92 Crores, the shares of G R Infraprojects Limited touched a day’s low of Rs. 993.90 per equity share, down 1.59 percent. The stock reiterated from the day’s low and was trading at Rs. 1,004.95 which is 0.50 percent down from its previous day’s close price of Rs. 1,010.05.
The stock delivered a negative return of 20.90 percent and underperformed the Nifty Index in the past year.
What Happened
The company’s stock was in focus after G R Infraprojects entered into a Memorandum of Understanding (MoU) with the Assam Government for the development of a ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya in Guwahati on 26th February 2025.
The Government of Assam to facilitate the company for all the necessary permissions, registrations, and clearances from the concerned departments of the states.
The MoU is to remain valid for 12 months from the date of signing unless extended by the Government. The expected investment for the project is Rs. 270 crores.
About the Company
G R Infraprojects Limited is a prominent player in India’s infrastructure sector which specializes in road engineering, procurement, and construction (EPC). Established in 1995, the company operates through various models, including Build-Operate-Transfer (BOT) and Hybrid Annuity Model (HAM) projects.
Their business includes civil construction, railway projects, and energy solutions. G R Infraprojects focuses on delivering high-quality projects efficiently, leveraging advanced technology and a skilled workforce to meet the growing demands of government infrastructure initiatives across the country.
Order Book
As of 31st December 2024, the order book of the company stood at Rs. 16,886.9 crore with 58 percent of the projects received from NHAI, 11 percent from NHLML, 17 percent from others, 5 percent from MSRDCL, and the remaining 9 percent from NHPC. In the order book, 70 percent of the projects are related to road construction.
Financials
Its Revenue from operations declined by 20.61 percent year on year from Rs. 2,134 Crores in Q3FY24 to Rs. 1,694 Crores in Q3FY25, accompanied by a profit of Rs. 243 Crores to a profit of Rs. 263 Crores in the same period.
Written by Santhosh S
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