G R Infraprojects Ltd Share Price – NSE  /  BSE

Infrastructure Developers & Operators, Small Cap

G R Infraprojects announced that the project gFour laning of Galgalia]Bahadurganj section of NH]327E from Km 00.000 to km 49.000 (Package]I) on Hybrid Annuity Mode in the state of Biharh has been provisionally completed. The Provisional Completion certificate has been issued by the Independent Engineer on 01 May 2024 and has declared the project fit for entry into commercial operation with effect from 06 April 2024.

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Rallis India Ltd, Tata Chemicals Ltd, IIFL Finance Ltd, Tata Power Company Ltd are among the other stocks to see a surge in volumes on NSE today, 07 March 2024.

G R Infraprojects Ltd clocked volume of 53.38 lakh shares by 14:14 IST on NSE, a 45.7 times surge over two-week average daily volume of 1.17 lakh shares. The stock gained 4.57% to Rs.1,277.80. Volumes stood at 89812 shares in the last session.

Rallis India Ltd registered volume of 248.96 lakh shares by 14:14 IST on NSE, a 41.91 fold spurt over two-week average daily volume of 5.94 lakh shares. The stock rose 11.87% to Rs.284.55. Volumes stood at 6.32 lakh shares in the last session.

Tata Chemicals Ltd notched up volume of 423.6 lakh shares by 14:14 IST on NSE, a 12.46 fold spurt over two-week average daily volume of 34.01 lakh shares. The stock rose 12.08% to Rs.1,320.80. Volumes stood at 189.68 lakh shares in the last session.

IIFL Finance Ltd recorded volume of 156.57 lakh shares by 14:14 IST on NSE, a 10.4 times surge over two-week average daily volume of 15.05 lakh shares. The stock gained 9.99% to Rs.420.40. Volumes stood at 84.5 lakh shares in the last session.

Tata Power Company Ltd witnessed volume of 711.69 lakh shares by 14:14 IST on NSE, a 6.83 times surge over two-week average daily volume of 104.26 lakh shares. The stock increased 7.58% to Rs.424.90. Volumes stood at 157.96 lakh shares in the last session.

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The seven wholly owned subsidiaries of the company namely GR Phagwara Expressway, Porbandar Dwarka Expressway, Varanasi Sangam Expressway, GR Akkalkot Solapur Highway, GR Sangli Solapur Highway, GR Gundugolanu Devarapalli Highway and GR Dwarka Devariya Highway.

Upon the sale, the company will received units of Bharat Highways InvIT. The units will be issued at such price as may be determined, through the book building process under the SEBI InvIT Regulations and InvIT Guidelines.

The sale will be completed on or before 15 March 2024.

Meanwhile, the company’s wholly owned subsidiary, GR Tarakote Sanjichhat Ropeway has executed the concession agreement with Mata Vaishno Devi Shrine Board, Katra (J&K).

The said project includes design, engineering, construction, development, finance, operation & maintenance of passenger ropeway between Tarakote & Sanjichhat at Katra (J&K), on BOOT basis.

The cost of the ropeway project are estimated to Rs 200 crore and the company will provide 33 years of Operation & Maintenance service including 3 years for construction period.

GR Infraprojects is engaged in construction of infrastructure facilities on Engineering, Procurement and Construction (EPC) and Built, Operate and Transfer (BOT) basis.

The company’s consolidated net profit fell 25% to Rs 242.72 crore on 2.6% decline in revenue from operation to Rs 2,134.02 crore in Q3 FY24 over Q3 FY23.

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Net profit of G R Infraprojects declined 25.01% to Rs 242.72 crore in the quarter ended December 2023 as against Rs 323.65 crore during the previous quarter ended December 2022. Sales declined 2.64% to Rs 2134.02 crore in the quarter ended December 2023 as against Rs 2191.88 crore during the previous quarter ended December 2022.

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