G R Infraprojects bags Rs 1,454-crore NHAI contract; shares gain

G R Infraprojects Limited has secured a major infrastructure contract worth Rs 1,453.57 crore from the National Highways Authority of India (NHAI), the company said in a regulatory filing.

LoA received for NH-56 highway upgrade in Gujarat

The company has received a Letter of Acceptance (LoA) dated March 30, 2026, for the upgradation of an existing two-lane carriageway into a four-lane divided highway on a stretch of NH-56 in Gujarat. The project spans 60.21 km, connecting Nasarpore village in Umarpada taluka to Malotha village in Vyara taluka.

Project awarded under Hybrid Annuity Mode

"The contract is awarded on a Hybrid Annuity Mode basis for Upgradation of Existing Two-Lane Carriageway to Four Lane Divided Carriageway from Ch. 208+90 (Existing Km. 535.93) in Nasarpore Village in Umarpada Taluka to Ch. 269+11 (Existing Km. 608.51) in Malotha Village in Vyara Taluka (Length 60.21 Km.) Section of NH-56 in Gujarat on HAM (Pkg-VI)," the filing read.

Execution timeline set at 910 days

The contract has been awarded under the Hybrid Annuity Mode (HAM), a widely used public-private partnership model in road construction. The project is to be executed within 910 days from the appointed date.

No promoter interest; contract fully domestic

According to the company, the contract is entirely domestic in nature, and there is no promoter or group company interest involved in the awarding authority.

G R Infraprojects stock performance

Shares of G R Infraprojects reacted positively to the development on Wednesday. The stock was trading at Rs 837.85 around 12:27 pm, marking a gain of 4.84 per cent from the previous close. During the session, it touched a high of Rs 841.85 after opening at Rs 817.70.

Stock under pressure in recent weeks

Despite the intraday uptick, the stock has been under pressure in recent weeks. It has declined 12.75 per cent over the past one month and is down 16.98 per cent year-to-date (YTD).

The stock remains significantly below its 52-week high of Rs 1,441.60 (June 10, 2025), while hovering close to its 52-week low of Rs 786.05 (March 30, 2026).

G R Infraprojects Limited (GRIL) is an integrated infrastructure development company with over 30 years of experience, primarily focusing on Engineering, Procurement, and Construction (EPC) contracts. The company, headquartered in India, undertakes construction contracts for road, highway, bridge, railway, tunnel, and metro construction, including BOT and HAM models.