GR INFRAPROJECTS LTD.
NSE : GRINFRABSE : 543317ISIN
CODE : INE201P01022Industry : Engineering - ConstructionHouse
: Private
BSE1393.75-12.25 (-0.87 % )
PREV CLOSE (Rs.) 1406.00
OPEN PRICE (Rs.) 1407.20
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 16788
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE1393.65 -12.25 (-0.87 % )
PREV CLOSE(Rs.) 1405.90
OPEN PRICE (Rs.) 1423.95
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 1393.65 (18 )
VOLUME 77566
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 20-Mar-2024 | G R Infraprojects receives completion certificate for Bihar project | <p style="text-align: justify;">G R Infraprojects has received completion certificate for the project of Construction of Four Lane Elevated Road as part of under construction J P Ganga Path (Digha to Deedarganj) from Dulli Ghat (Ch. 13+525.79 Km) to Nuruddin Ghat (Ch: 16+975.79Km), from Dharamshala Ghat (Ch: 19+890 Km) to Old NH-30 (Ch: 20+530.5) along with connectivity to Ashok Raj path at Kangan Ghat (Ch: 15+700 Km) and Patna Ghat (Ch: 16+600 Km.) with allied facilities at Patna in the State of Bihar on EPC mode. The completion certificate has been issued by the Authority's Engineer on March 19, 2024 and has declared the project fit for entry into commercial operation with effect from February 13, 2024.</p><p style="text-align: justify;">G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.</p><div style="text-align: justify;"><br></div> |
| 20-Mar-2024 | G R Infraprojects, Entertainment Network and Adani Enterprises to see some action today | <p style="text-align: justify;"><b>G R Infraprojects</b> has received completion certificate for the project of Construction of Four Lane Elevated Road as part of under construction J P Ganga Path (Digha to Deedarganj) from Dulli Ghat (Ch. 13+525.79 Km) to Nuruddin Ghat (Ch: 16+975.79Km), from Dharamshala Ghat (Ch: 19+890 Km) to Old NH-30 (Ch: 20+530.5) along with connectivity to Ashok Raj path at Kangan Ghat (Ch: 15+700 Km) and Patna Ghat (Ch: 16+600 Km.) with allied facilities at Patna in the State of Bihar on EPC mode. The completion certificate has been issued by the Authority's Engineer on March 19, 2024 and has declared the project fit for entry into commercial operation with effect from February 13, 2024.</p><p style="text-align: justify;"><b>Entertainment Network (India) </b>has received approval for acquiring up to 50% equity interest stake in Ninety-nine Audiovisual Media Production LLC, Saudi Arabia based entity, by investing up to five million Saudi Riyal (SAR). The company intends to initiate radio broadcasting operations in Saudi Arabia and NN LLC has obtained licenses for the same from the government of Saudi Arabia. </p><p style="text-align: justify;"><b>Adani Enterprises</b>' wholly owned subsidiary -- Adani Tradecom (ATL) has acquired balance 49% stake in Adani Green Technology (AGTL) from Adani Trading Services LLP (ATS LLP) and hence AGTL has become a step-down wholly owned subsidiary of the Company. Consequent to the above, Mundra Solar, a wholly owned subsidiary of AGTL, has also become a step-down wholly owned subsidiary of the Company.</p><p style="text-align: justify;"><b>Rushil Decor </b>has incorporated subsidiary company of in the name of ‘Rushil Modala PLY' on March 19, 2024. The company incorporated for the purpose of manufacturing and sale of Plywood and other allied products.</p><p style="text-align: justify;"><b>KIOCL </b>has installed 4 No's of Vertical Pressure Filters in Pellet Plant Unit situated at Mangalore as a part of upgradation of the existing filtration system to achieve desired moisture in filter cake for pellet feed from iron ore having high alumina & slime. The capacity of each filter is 100 Tons/hr. The filters are under operation now. The performance guarantee test has been started from March 18, 2024 to ensure the desired parameters. </p><p style="text-align: justify;"><b>EFC</b> (I) -- wholly owned subsidiary -- EFC has bagged prestigious contract for Supply, Installation, Testing, Commissioning and Handing Over of Interior, MEP and Allied works at Tata Consultancy Services (TCS), IIT Delhi Research & Innovation Park, New Delhi. The company has begun the work of mobilization of resources to complete the project well within the prescribed timelines as per the Contract Terms.</p><p style="text-align: justify;"><b>Tata Consultancy Services</b> (TCS) has announced that Central Bank, a leading Midwest regional bank, will use TCS BaNCS to update its core technology infrastructure, drive innovation, and strengthen customer relationships. Central Bank's strategic partnership with TCS aims to create frictionless and flexible customer onboarding processes, enabling continued growth for the bank. Central Bank manages more than $20 billion in assets serving more than 150 locations in 78 communities throughout Missouri, Kansas, Illinois, and Oklahoma. The bank's decision to deploy TCS BaNCS underscores its commitment to embracing advanced technology to simplify operations and enhance customer experiences. </p><div style="text-align: justify;"><br></div> |
| 21-Feb-2024 | GR Infraprojects to sell entire investment in seven wholly owned subsidiaries | <p style="text-align: justify;">GR Infraprojects has entered into Share Purchase Agreement (SPA) and other relevant transaction documents for sale of Company's entire investment in equity share of seven wholly owned subsidiary companies namely GR Phagwara Expressway, Porbandar Dwarka Expressway, Varanasi Sangam Expressway, GR Akkalkot Solapur Highway, GR Sangli Solapur Highway, GR Gundugolanu Devarapalli Highway and GR Dwarka Devariya Highway (wholly owned subsidiaries) to Bharat Highways InvIT, subject to such terms and conditions (including fulfillment of conditions precedent) as embodied in the SPA and other relevant transaction documents. </p><p style="text-align: justify;">Upon the sale, G R Infraprojects shall receive units of Bharat Highways InvIT. The units will be issued at such price as may be determined, through the book building process under the SEBI InvIT Regulations and InvIT Guidelines. </p><p style="text-align: justify;">GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.</p> |
| 21-Feb-2024 | GR Infraprojects' arm executes concession agreement with Shri Mata Vaishno Devi Shrine Board | <p style="text-align: justify;">GR Infraprojects' wholly owned subsidiary -- GR Tarakote Sanjichhat Ropeway has executed the concession agreement with Shri Mata Vaishno Devi Shrine Board, Katra (J&K) on February 20, 2024 for Design, Engineering, Construction, Development, Finance, Operation & Maintenance of Passenger Ropeway between Tarakote & Sanjichhat at Katra (J&K), on BOOT Basis. The estimated project cost is Rs 200 crore. </p><p style="text-align: justify;">GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.</p> |
| 21-Feb-2024 | GR Infraprojects gains as its arm executes concession agreement with Shri Mata Vaishno Devi Shrine Board | <p style="text-align: justify;">GR Infraprojects is currently trading at Rs. 1204.00, up by 20.65 points or 1.75% from its previous closing of Rs. 1183.35 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1204.40 and has touched a high and low of Rs. 1231.00 and Rs. 1184.50 respectively. So far 6697 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1381.60 on 07-Aug-2023 and a 52 week low of Rs. 930.00 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1236.30 and Rs. 1173.95 respectively. The current market cap of the company is Rs. 11641.36 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.44% and 3.82% respectively.</p><p style="text-align: justify;">GR Infraprojects' wholly owned subsidiary -- GR Tarakote Sanjichhat Ropeway has executed the concession agreement with Shri Mata Vaishno Devi Shrine Board, Katra (J&K) on February 20, 2024 for Design, Engineering, Construction, Development, Finance, Operation & Maintenance of Passenger Ropeway between Tarakote & Sanjichhat at Katra (J&K), on BOOT Basis. The estimated project cost is Rs 200 crore. </p><p style="text-align: justify;">GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.</p> |
| 21-Feb-2024 | Wipro, Bondada Engineering and TVS Supply Chain Solutions to see some action today | <p style="text-align: justify;"><b>Wipro </b>has launched Wipro Enterprise Artificial Intelligence (AI)-Ready Platform, a new service that will allow clients to create their enterprise-level, fully integrated and customized AI environments. The Wipro Enterprise AI-Ready Platform leverages the IBM watsonx AI and data platform, including watsonx.ai, watsonx.data, and watsonx.governance and AI assistants, to deliver to clients an interoperable service that helps accelerate AI adoption.</p><p style="text-align: justify;"><b>Bondada Engineering</b> has received a work order from Sundrops Energia to supply the equipment's for Solar Power Plant as per agreement amounting to Rs 4.93 crore (Including GST). The said order is expected to be executed on or before May 5, 2024.</p><p style="text-align: justify;"><b>TVS Supply Chain Solutions</b> (TVS SCS) has extended contract with Rolls-Royce for five years until 2029. The partnership extension is for the state-of-the-art Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce's Power Systems business unit. This extension reflects the confidence and trust placed by Rolls-Royce in TVS SCS' service performance and underscores the continued success of the collaborative efforts between the two companies. </p><p style="text-align: justify;"><b>Bharti Airtel </b>has launched six new, next-gen Company owned stores in the city of Guwahati. The new stores that have come up in Six Mile; VIP Road, Azara, North Guwahati, Colony Bazar and Adabari will strengthen Airtel's retail presence and will offer unparalleled service experience to customers. The stores will also showcase Airtel's cutting-edge technologies across its portfolio. </p><p style="text-align: justify;"><b>Zaggle Prepaid Ocean Services</b> (Zaggle) has entered into an agreement with Bennett, Coleman & Company. Zaggle would provide Bennett, Coleman & Company, the Zaggle Save proposition, a Benefits & Expense management platform. </p><p style="text-align: justify;"><b>Cian Healthcare </b>has won a tender for supply of Drugs and Medicines to Pharmaceutical and Medical Device Bureau of India (PMBI) for the period of Two Years. The estimated value of Contract awarded is Rs 4.78 crore.</p><p style="text-align: justify;">GR TARAKOTE SANJICHHAT ROPEWAY, wholly owned subsidiary of <b>G R Infraprojects</b>, has executed the concession agreement with Shri Mata Vaishno Devi Shrine Board, Katra (J&K) on February 20, 2024 for Design, Engineering, Construction, Development, Finance, Operation & Maintenance of Passenger Ropeway between Tarakote & Sanjichhat at Katra (J&K), on BOOT Basis. The estimated project cost is Rs. 200 crore. The completion and operation period is 33 years (including 3 years for construction period).</p> |
| 17-Feb-2024 | G R Infraprojects informs about transcript of conference call | <p style="text-align: justify;">ln terms of the Regulation 30 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015, G R Infraprojects has informed that it enclosed the transcript of an earnings conference call for the quarter ended 31st December 2023 held on Tuesday, 13th February 2024. </p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 15-Feb-2024 | GR Infraprojects surges on entering into share purchase agreement with RECPDCL | <p style="text-align: justify;">GR Infraprojects is currently trading at Rs. 1212.20, up by 21.65 points or 1.82% from its previous closing of Rs. 1190.55 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 1190.00 and has touched a high and low of Rs. 1214.70 and Rs. 1190.00 respectively. So far 930 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1381.60 on 07-Aug-2023 and a 52 week low of Rs. 930.00 on 28-Mar-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 1319.00 and Rs. 1170.70 respectively. The current market cap of the company is Rs. 11698.89 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.44% and 3.82% respectively.</p><p style="text-align: justify;">GR Infraprojects has entered into Share Purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of Pochora Power Transmission, wholly owned subsidiary of RECPDCL. After this acquisition, Pachora Power Transmission has become wholly owned subsidiary company of G R Infraprojects. The equity shares of Pachora Power Transmission have been acquired at total consideration of Rs 6.55 crore. </p><p style="text-align: justify;">GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.</p> |
| 15-Feb-2024 | Muthoot Finance, HDFC Life Insurance and GR Infraprojects to see some action today | <p style="text-align: justify;"><b>Muthoot Finance</b>'s board has approved additional equity infusion of Rs 300 crore in Belstar Microfinance, a subsidiary of the Company and secondary purchase of equity shares of Belstar from the existing promoters for a consideration of upto Rs 75 crore. Additional equity infusion is proposed to be made in order to strengthen the capital base and improve the capital adequacy ratio. Secondary acquisition from the promoters aids Muthoot Finance to increase its equity stake in Belstar </p><p style="text-align: justify;"><b>HDFC Life Insurance Company</b> and Lokmanya Multipurpose Cooperative Society have entered into a corporate agency tie-up that would enable the latter to distribute life insurance products of HDFC Life to its customers. HDFC Life offers a wide range of life insurance products, designed to meet various life stage needs of individuals. Through this new partnership, the company could contribute further towards increasing life insurance penetration. </p><p style="text-align: justify;"><b>GR Infraprojects </b>has entered into Share Purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of Pochora Power Transmission, wholly owned subsidiary of RECPDCL. After this acquisition, Pachora Power Transmission has become wholly owned subsidiary company of G R Infraprojects. The equity shares of Pachora Power Transmission have been acquired at total consideration of Rs 6.55 crore. </p><p style="text-align: justify;"><b>Tata Consultancy Services</b> (TCS) and Conga, a global leader in Revenue Lifecycle Management solutions, have forged a strategic partnership to offer more customized and state-of-the-art solutions to enterprises. TCS is the inaugural partner of Conga's Elevated Partnership Program and will strategize with Conga on next-gen solutions and transformation opportunities for clients' end-to-end revenue lifecycle management systems.</p><p style="text-align: justify;"><b>Balaxi Pharmaceuticals</b>' wholly owned subsidiary -- Balaxi Global DMCC has incorporated a new Wholly Owned Subsidiary in Chile by the name Balaxi Pharmaceuticals Chile SPA. Consequent to the incorporation, Balaxi Pharmaceuticals Chile SPA has become a Wholly Owned Step-Down Subsidiary of the Company. The object of Balaxi Pharmaceuticals Chile SPA is distribution and marketing of all types of medicines and pharmaceutical products which is in line with the company's main objects. The acquisition is a part of Company's expansion plans.</p><p style="text-align: justify;"><b>Kanoria Chemicals & Industries (</b>KCI) is planning to add additional production capacity of Hexamine with 18 MTPD in Ankleshwar, Gujarat. This new capacity at Ankleshwar will cater to growing demand in various sectors such as Phenolic Resins, Textile, Agrochemicals, Explosives, Pharmaceuticals, etc. in the region as well as the exports markets. This additional capacity will help the company for sustainable development and inclusive growth in line with the company's vision. Expansion is expected to be completed by December 2024.</p><p style="text-align: justify;"><b>Reliance Industries</b> (RIL) is reportedly in talks the Walt Disney Company, to buy 29.8 per cent stake in Tata Play. This move is seen as part of RIL's broader strategy to deepen its footprint in India's television distribution sector. </p><div style="text-align: justify;"><br></div> |
| 14-Feb-2024 | GR Infraprojects enters into share purchase agreement with RECPDCL | <p style="text-align: justify;">GR Infraprojects has entered into Share Purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of Pochora Power Transmission, wholly owned subsidiary of RECPDCL. After this acquisition, Pachora Power Transmission has become wholly owned subsidiary company of G R Infraprojects. The equity shares of Pachora Power Transmission have been acquired at total consideration of Rs 6.55 crore. </p><p style="text-align: justify;">GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.</p> |
