GR Infraprojects wins Rs 4,263 crore NHAI project

GR Infraprojects has been awarded a Rs 4,263 crore project by the National Highways Authority of India (NHAI) to construct the Agra-Gwalior Greenfield Road. The project spans Uttar Pradesh, Rajasthan, and Madhya Pradesh and will take 910 days to complete. The project includes building a 6-lane highway and improving existing road sections. This marks a significant development for GR Infraprojects, which has faced stock underperformance recently. Despite a 22.5% drop in shares over the past year, the company remains focused on infrastructure projects. The new contract may influence investor interest in the company's stock.