G R Infraprojects Shares Surge After Securing ₹4,262.78 Crore NHAI Project

G R Infraprojects Ltd. is set to break its four-day losing streak on March 17, following a major project win from the National Highways Authority of India (NHAI). 

The infrastructure firm has been selected as the preferred bidder for a ₹4,262.78 crore project that involves the construction of the Agra-Gwalior Greenfield Road. This project will feature a six-lane access-controlled highway along with extensive safety and strengthening enhancements on the existing Agra-Gwalior section of NH-44. The road development spans across three states—Uttar Pradesh, Rajasthan, and Madhya Pradesh—and will be implemented under the DBFOT (Toll) model as part of the NH(O) scheme. The completion timeline for the project is set at 910 days from the appointed date.

Invest in Indian Markets and Unlock Future Potential With 5paisa!

Open Account Now

As of 11:00 AM IST, the company’s stock was trading at ₹945.25, reflecting positive market sentiment after this development.

Major Developments and Financial Decisions

In addition to this project win, G R Infraprojects has recently undertaken several key financial and operational decisions. On March 7, 2025, the company’s board of directors approved an interim dividend of ₹12.50 per equity share with a face value of ₹5 for the financial year 2024-25. This dividend announcement is expected to boost investor confidence and reflect the company’s commitment to rewarding shareholders.

Moreover, the board also sanctioned the divestment of its entire equity stake in its wholly owned subsidiary, GR Galgalia Bahadurganj Highway (GGBHPL). This decision includes the assignment of an unsecured loan previously provided by the company to GGBHPL. The move aligns with G R Infraprojects’ strategic goal of optimizing its asset portfolio and focusing on high-priority infrastructure projects.

Expansion into Ropeway Infrastructure in Assam

Apart from its highway and road development projects, G R Infraprojects has also diversified into urban mobility infrastructure. In February 2025, the Government of Assam initiated a ropeway development project and signed a Memorandum of Understanding (MoU) with the company. This project, valued at ₹270 crore, will establish a ropeway connecting Sonaram Field to the Bhubaneshwari Temple in Kamakhya, Guwahati.

Ropeway transportation has gained prominence in India as an eco-friendly and efficient solution for urban transit, particularly in hilly regions and congested areas. The Kamakhya ropeway project is expected to improve connectivity to one of the region’s most significant pilgrimage sites, benefiting both tourists and locals. G R Infraprojects’ involvement in such ventures demonstrates its growing presence beyond traditional road construction and its ability to contribute to India’s evolving infrastructure needs.

Stock Market Outlook and Industry Trends

With this latest project win and recent strategic decisions, analysts anticipate a potential recovery in G R Infraprojects' stock price. The infrastructure sector remains a crucial driver of India’s economic growth, with increased government investments in highways, urban mobility, and smart infrastructure projects.

The Indian government has been actively promoting private sector participation in large-scale infrastructure development under initiatives like the National Infrastructure Pipeline (NIP) and Bharatmala Pariyojana. These initiatives aim to enhance the country's road network and improve transportation efficiency.

G R Infraprojects, with its strong execution capabilities and strategic project wins, remains well-positioned to benefit from these industry trends. Investors and market participants will closely monitor the company’s execution of ongoing projects and its ability to secure further contracts in the competitive infrastructure space.

The recent NHAI project win, along with key financial decisions and diversification into new infrastructure segments, signals strong growth potential for G R Infraprojects. The company's ability to secure high-value contracts and execute them efficiently remains a testament to its leadership in the infrastructure domain.

As the company continues to expand its footprint across various states and venture into new sectors like ropeway development, its stock is likely to reflect positive momentum in the near future. Investors will keenly observe upcoming developments, particularly the execution of major projects and any further strategic announcements from the company.