Stock in Focus: Infrastructure company GR Infraprojects has received an order from West Central Railways to build a new railway line in Madhya Pradesh. This is an EPC contract. Under this, the company will construct a new line from Km 124/400 to Km 165/380 between Bahari and Gondavali stations.
What does the work involve?
GR Infraprojects said in an exchange filing that the project involves earthwork. Under this, small and big bridges will be built. Some important bridges will also be built. A viaduct will be constructed.
Also, road overbridges will be built, which will be RCC box type. RUB and LHS work will also be done. Station building will be built. Tunnel construction and track laying work will be done. This entire work will be done under the Sidhi-Singrauli New Rail Link Project.
The project is worth ₹1897 crore
Financial bids were opened on 11 February 2026. After this, GR Infraprojects was declared the lowest bidder i.e. L1 for this project. The total value of this project is ₹1,897.51 crore. The company has to complete it within 900 days from the date of the order.
GR Infraprojects is also paying dividend
The board of GR Infraprojects on February 16 approved an interim dividend of ₹2.5 per share of ₹5 face value for FY26. Its record date has been fixed as 19 February.
In the February 13 meeting, the board also proposed to sell the entire stake in its two subsidiaries – GR Ena Kim Expressway Private Ltd and GR Ujjain Badnawar Highway Private Ltd. This is subject to shareholders’ approval.
GR Infraprojects shares
Shares of GR Infraprojects closed 0.39 per cent lower at ₹975.65 on the BSE on Tuesday. The stock is up 7.62% in 1 month. However, it has fallen 22.47% in 6 months. The market cap of the company is Rs 9.47 thousand crore.
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