G R Infraprojects shares in spotlight on securing ₹1,453 crore work order from NHAI in Gujarat

In a regulatory dated March 30, the EPC firm stated that it has received Letter of Acceptance (LoA) from NHAI for upgradation of existing two-lane carriageway to four lane divided carriageway in a section of National Highway 56 (NH-56) in Gujarat.

The contract was awarded on a hybrid annuity mode basis for the “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 contract is expected to be executed within 910 days from the date of appointment, it added.

Recent developments

In a separate regulatory filing on Saturday, the Udaipur-headquartered company said that it won a ₹413.37 crore (excluding GST) BESS order from NTPC Ltd.

Under the contract, G R Infraprojects is expected to implement Battery Energy Storage Systems (BESS) at the thermal power station at Mouda Super Thermal Power Station.

The scope of the project also includes services, ex-works (India) supply and comprehensive annual maintenance for the entire design life of the BESS system.

On March 23, the company stated it secured a ₹2,440.87 crore highway construction order from the (NHAI).

The firm was awarded the order to build a new section of the National Highway 33 (NH-33) from Mokama to Munger in Bihar for a total contract value of ₹2,440.87 crore for the project.

According to the filing, the company received the NHAI order on March 18, after which the order was approved on Monday.

G R Infraprojects stock performance

Shares of G R Infraprojects were trading 1.06% lower at ₹795.95 per unit on the National Stock Exchange (NSE) on Monday. However, the order win was announced after the market closed.

The scrip has lost 6% in the past week and 17% over the month. On a year-to-date basis, it has fallen 21%.

While the stock touched a 52-week low of ₹785 on March 30, 2026, it hit a year’s high of ₹1,444.40 per equity share on June 10, 2025.

G R Infraprojects has a total market capitalisation of ₹7,644.08 crore, as of March 30, 2026, according to data on the NSE.