Business Update18 May 2026, 01:20 pm
G R Infraprojects' Subsidiary Inks NHAI Concession Agreement
AI Summary
G R Infraprojects Ltd announced that its wholly-owned subsidiary, Nasarpore Malotha Highway Private Limited, has executed a concession agreement with the National Highways Authority of India (NHAI) on May 18, 2026. The project involves upgrading the existing two-lane carriageway to a four-lane divided carriageway on a 60.21 km section of NH-56 in Gujarat, utilizing the Hybrid Annuity Mode (HAM). The estimated project cost is ₹1453.57 Crores (excluding GST), with a completion period of 910 days from the appointed date.
Key Highlights
- Nasarpore Malotha Highway Pvt Ltd (G R Infraprojects' subsidiary) executes concession agreement with NHAI.
- Project involves upgrading a 60.21 km section of NH-56 in Gujarat to a four-lane carriageway.
- Project cost is estimated at ₹1453.57 Crores (excluding GST) under Hybrid Annuity Mode (HAM).
- The project's completion period is 910 days from the appointed date.
Price Impact
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