G R Infraprojects Ltd.GRINFRA₹1,277.90 +2.32%

G R Infraprojects Ltd.‘s wholly owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has received a formal communication from the National Highways Authority of India (NHAI), declaring July 1, 2025 as the appointed date for commencement of work on a major highway development package in Bihar.

The project involves the construction of a 6-lane Greenfield highway as part of the Varanasi–Ranchi–Kolkata corridor, spanning from Anarbansalea village to Sagrampur village (KM 151+200 to KM 184+700). This stretch, designated as Package-7, covers a total length of 33.50 km and falls under the Government of India’s flagship Bharatmala Pariyojana program.

The contract is valued at ₹1,248.37 crore and will be executed on the Hybrid Annuity Mode (HAM), a model combining elements of EPC and BOT-Annuity, wherein the government bears 40% of the project cost during construction, and the remaining is paid out as annuity over the concession period.

This project is expected to strengthen regional connectivity across eastern India and support economic development along the corridor.

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Note: The stock price mentioned is as of 3:30 PM.

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