G R Infraprojects has secured a significant contract worth ₹1,453.57 crore (excluding GST) from the National Highways Authority of India (NHAI) for highway infrastructure development in Gujarat. According to a regulatory filing dated March 27, 2026, the EPC firm emerged as the lowest bidder for the project, which involves upgrading an existing two-lane carriageway to four lane divided carriageway on National Highway 56 (NH-56) in Gujarat. The contract was awarded on a hybrid annuity mode basis for the upgradation from Ch. 208+90 (Existing Km. 535.93) in Nasarpore Village to Ch. 269+11 (Existing Km. 608.51) in Malotha Village, covering a length of 60.21 km between Nasarpore village in Umarpada taluka and Malotha village in Vyara taluka.
The contract is scheduled for execution within 910 days from the date of appointment, as stated in the regulatory filing. This timeline provides clarity on the project delivery schedule and indicates the company's commitment to completing the infrastructure development within the specified timeframe. The project follows the Hybrid Annuity Model, where payments are split between government support and developer funding, providing a structured approach to project financing.
Separately, G R Infraprojects has received a Notification of Award from NTPC Limited for a battery energy storage project worth ₹413.37 crore, excluding GST, as per a filing dated March 28, 2026. The contract involves installation of battery energy storage systems at the Mouda Super Thermal Power Station, including design, supply, installation, and maintenance over the system's lifecycle. The NTPC project is scheduled for completion within 15 months from the appointed date and is an engineering, procurement, and construction contract with supply on an ex-works basis. The company has stated that there is no promoter or related party interest in the awarding entity.
G R Infraprojects shares were trading ₹814.00, up 1.18% from the previous closing price as of March 30, 2026, at 11:08 am, according to Angel One reports. The stock has shown significant recovery from earlier declines, with the road project at the bidding stage and awaiting final award. The company maintains a total market capitalisation of ₹7,644.08 crore as of March 30, 2026. The NTPC order adds to the company's current project pipeline across infrastructure and energy segments, providing diversified revenue streams.
