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GR Infraprojects secured a ₹903.5 crore contract for Nagpur Metro Phase-2. The 17.6 km project includes special spans and a double-decker structure, to be completed in 30 months. GR Infraprojects share price has surged 37.61% over the past year.
GR Infraprojects Ltd, a leading infrastructure company, has won a ₹903.5 crore contract from Maharashtra Metro Rail Corporation Ltd for designing and constructing an elevated metro viaduct in Nagpur. The project is a crucial part of the Nagpur Metro Rail Project's Phase-2 expansion and is expected to bolster the company’s portfolio.
The contract includes the design and construction of a 17.6-kilometre elevated metro viaduct, which incorporates two special railway spans of 79 metres and 100 metres.
Additionally, the project involves a six-lane double-decker section spanning 1.14 kilometres, featuring a vehicular underpass (VUP). This section is a major highlight of the Reach-1A of the Nagpur Metro Rail Project’s Phase-2.
GR Infraprojects will execute the project on an Engineering, Procurement, and Construction (EPC) basis, with a construction period of 30 months. The company had previously emerged as the lowest bidder for the project, with the financial bid opening held in September 2024.
This win puts the GR Infraprojects share price in limelight, while further solidifying its position as a key player in the Nagpur Metro Rail Project.
GR Infraprojects’ share price has seen a notable performance, reflecting market confidence in the company’s strong project pipeline. As of Wednesday, the share price stood at ₹1,656.50, marking a 3.39% increase on the day. Over the past 12 months, the GR Infraprojects share price has delivered a 37.61% return.
The Nagpur Metro Rail Project Phase-2 is a critical infrastructure project aimed at enhancing public transportation in one of Maharashtra’s fastest-growing cities. The expansion will help in decongesting roads, reduce travel time, and improve connectivity in Nagpur.
For GR Infraprojects, securing such a large-scale contract further reinforces its stronghold in the metro rail construction domain, setting the stage for more such projects in the future.
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