An infrastructure development firm has secured a significant transmission infrastructure project in Karnataka, marking a strategic expansion in the renewable energy sector. The letter of intent signals a promising venture into power transmission, with the project aimed at integrating renewable energy zones through advanced grid infrastructure solutions.
Share Price Movement
The share price of G R Infraprojects Limited went down by 0.56 percent to Rs. 1,584 per share on Friday, an increase from its previous close of Rs. 1,593.9 per share. The market capitalisation now stands at approximately Rs. 15,332 crore as of December 13, 2024.
Order Update
G R Infraprojects Limited received a Letter of Intent from PFC Consulting Limited for the Bijapur REZ Transmission Scheme in Karnataka. The project involves establishing a 400/220 kV pooling station, transmission lines, and reactors with a contract size of Rs. 107.7 crore annually and a 24-month construction period.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, G R Infraprojects’s consolidated revenue from operations has declined by 26 percent YOY from Rs. 1,883 crore in Q2 FY24 to Rs. 1,394 crore in Q2 FY25 and declined by 31.3 percent QoQ from Rs. 2,030 crore in Q4 FY24.
The company’s consolidated net profit has decreased by 10.6 percent, from Rs. 217 crore in Q2 FY24 to Rs. 194 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 24.3 percent QoQ from Rs. 156 crore.
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Market Outlook
India’s infrastructure sector is on a growth trajectory, with planned investments totalling USD 1.4 trillion by 2025. The National Infrastructure Pipeline (NIP) aims to boost various subsectors, including energy, roads, railways, and urban development. This will not only create jobs but also contribute positively to the economy. Key focuses include enhancing public digital infrastructure, advancing clean energy, and building robust urban infrastructure.
The India Infrastructure Report 2023 highlights the importance of smart cities, urban redevelopment, and financial sustainability in achieving these goals. The smart cities mission is set to evolve, potentially expanding to next-tier cities with centralised oversight.
Shareholding Pattern
As of the September 2024 shareholding pattern, G R Infraprojects Limited is primarily held by the promoters at 74.7 percent, foreign institutional investors hold 2.07 percent, and the public with 3.09 percent.
About Company
G R Infraprojects Limited is a key player in India’s infrastructure sector, specialising in road construction and civil engineering. Established in 1995 and headquartered in Ahmedabad, Gujarat, the company employs around 13,000 people. It focuses on road construction, railway EPC, tunnel projects, and manufacturing materials like bitumen emulsions. With a commitment to quality and timely project delivery, G R Infraprojects is well-positioned to benefit from government investments and expand connectivity across India.
Written By Fazal Ul Vahab C H
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