G R Infraprojects Shares Surge 11% After Securing ₹4,262 Crore NHAI Highway Project
Shares of G R Infraprojects soared 11% in early trade on Wednesday, March 19, reaching ₹1,042, following the company’s announcement of securing a major order from the National Highways Authority of India (NHAI) for the Agra-Gwalior highway upgrade.
Major Highway Project Win
In an exchange filing on Tuesday, G R Infraprojects revealed that it had received a Letter of Acceptance (LoA) from NHAI under the Ministry of Road Transport & Highways. The project, worth ₹4,262.78 crore, includes the development of a six-lane access-controlled Greenfield highway from Deori village (Agra, Uttar Pradesh) to Susera village (Gwalior, Madhya Pradesh), spanning parts of Uttar Pradesh, Rajasthan, and Madhya Pradesh.
Additionally, the project includes:
• Overlay, strengthening, and safety enhancements on the existing Agra-Gwalior section of NH-44
• Upgradation of a 90-km stretch from km 1058.00 to 1148.00
• Execution under the DBFOT model (Design, Build, Finance, Operate, and Transfer), operating on a BOT (Toll) basis
Other Recent Developments
G R Infraprojects has been expanding its infrastructure footprint across India with notable projects, including:
• Assam Ropeway Project (February 2025): Signed a Memorandum of Understanding (MoU) with the Government of Assam for a ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya, valued at ₹270 crore.
• Railway Project (January 2025): Emerged as the lowest bidder for a 38.9-km rail project, worth ₹262.28 crore.
Market Impact and Future Prospects
The latest highway project win has fueled optimism among investors, pushing G R Infraprojects’ stock price up by 11%. With multiple large-scale projects under its belt, the company is expected to strengthen its position in India’s infrastructure sector while continuing its growth trajectory.
