G R Infraprojects Limited announced that it has emerged as the Lowest Bidder (L-1) for a significant National Highways Authority of India (NHAI) tender. The project involves the Upgradation of an Existing Two-Lane Carriageway to Four Lane Divided Carriageway along a 60.21 Km section of NH-56 in Gujarat. The project is valued at a Contract Price of ₹1,453.57 Crore and will be executed under the Hybrid Annuity Mode (HAM), with a completion period of 910 days.
GR Infraprojects Secures Major Highway Tender
G R Infraprojects Limited has officially informed the stock exchanges that it has been declared the L-1 bidder for a substantial tender floated by the National Highways Authority of India (NHAI). The financial bid opening confirming this status took place on 27th March 2026. This achievement positions the company for a significant new infrastructure development contract.
Project Details and Valuation
The awarded project focuses on the critical Upgradation of Existing Two-Lane Carriageway to Four Lane Divided Carriageway on a specific stretch of NH-56 in Gujarat. The scope covers the section from Ch. 208+90 (Existing Km. 535.93) in Nasarpore Village to Ch. 269+11 (Existing Km. 608.51) in Malotha Village, spanning a total length of 60.21 Km (Pkg-VI).
Key financial and operational details are summarized as follows:
- Contract Price: ₹1,453.57 Crore (INR in Crores)
- Execution Mode: Hybrid Annuity Mode (HAM)
- Completion Period: 910 days from the Appointed Date
Compliance and Disclosure
The company confirmed its undertaking to provide updates regarding any further developments related to this project. Furthermore, following the announcement, the trading window for dealing in the company’s securities for all designated persons will remain closed up to 48 hours after the formal announcement, adhering to internal insider trading regulations.
Source: BSE
