GR Infra receives appointed date for HAM projectGRINFRA - 1064 Change: 5.50 (0.52 %)
GR Infraprojects' wholly owned subsidiary, GR Ujjain Badnawar Highway Pvt Ltd, has received appointed date for the project of four‐laning of Ujjain‐Badnawar section in Madhya Pradesh on a HAM mode. The bid project cost was at Rs 907 crore.
GR Infraprojects was declared L1 for the project in March 2022 and signed the concession agreement during May 2022. Considering these, the company has managed to secure receipt of appointed date within five months from signing of concession agreement, indicating towards a faster turnaround. Nevertheless, receipt of appointed date is expected to ramp up execution, going forward.