G R Infra rises after emerging L-1 bidder in metro project

G R Infraprojects gained 1.48% to Rs 1,673.65 after the EPC company emerged as L-1 bidder for the tender invited by Noida Metro Rail Corporation.

The scope of the project involves part design and construction of elevated viaduct and 5 elevated stations of Noida - Greater Noida Metro Rail Project.

The bid project cost is Rs 592.99 crore with a completion period of 24 months.

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company largely focused on road sector. The company have also recently diversified into projects in the railway sector.

G R Infraprojects' consolidated net profit rose 9.6% to Rs 188.60 crore on a 48.2% surge in net sales to Rs 1,882.38 crore in Q2 FY22 over Q2 FY21.

 

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