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G R Infra slides after NHLML annuls projects worth Rs 3,613 cr
(15:22, 26 Sep 2023)
The project entailed development, operation and maintenance of ropeway from Gaurikund to Kedarnath and development, operation and maintenance of ropeway from Govind Ghat - Ghangaria - Hemkund Sahib in Uttarakhand on hybrid annuity mode.

The construction period was 1,460 days from appointed date and the operation period was 15 years from commercial operation date.

The bid project cost for the two projects aggregated to Rs 3,613 crore.

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

The company's consolidated net profit declined 23.5% to Rs 309.84 crore on 7.9% fall in revenue from operations to Rs 2,478.23 crore in Q1 FY24 over Q1 FY23.

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