G R Infraprojects witnessed a 7.94 per cent surge in its stock price, reaching Rs 1,015, following the receipt of a Letter of Acceptance (LoA) from the National Highways Authority of India (NHAI) for a significant highway project valued at Rs 42.62 billion.

The awarded project involves the construction of the Agra-Gwalior Greenfield road across Uttar Pradesh, Rajasthan, and Madhya Pradesh. It will be executed under the Design, Build, Finance, Operate, and Transfer (DBFOT) model on a Build-Operate-Transfer (BOT) Toll basis, as part of the National Highways (Original) [NH(O)] scheme. The completion timeline for the project is set at 910 days.

The scope of work includes the development of a six-lane, access-controlled highway, starting from Deori village in Agra district and extending to Susera village in Gwalior district, covering a design length of 88.4 kilometers. Additionally, the project entails strengthening, road safety enhancements, and improvement works on the existing Agra-Gwalior section of NH-44, spanning design chainage from 13.00 to 103.00, within the three states.

G R Infraprojects specializes in infrastructure development, offering engineering, procurement, and construction (EPC) services, along with projects executed under the BOT model. The company's involvement in large-scale highway construction further strengthens its position in the sector.

News source: BUSINESS STANDARD