G R Infraprojects Limited has secured an Engineering, Procurement and Construction (EPC) contract worth ₹1,885.63 crore for a section of the Pune Ring Road project in Maharashtra. The company disclosed this in a regulatory filing on October 30.
The shares of G R Infraprojects Limited were trading at ₹1,526 up by ₹30.65 or 1.97 per cent on the NSE today at 11.16 am.
The project involves the construction of a 9.341-kilometer stretch of access-controlled road from village Kalyan/Rathwade to village Shivare/Kusgaon Phase in Pune district. The contract was awarded through MSRDC Pune Ring Road Limited and Maharashtra State Road Development Corporation Limited (MSRDC Ltd).
The final contract value represents a reduction from the initial bid price of ₹1,997.07 crore following negotiations. The construction company will have 36 months from the appointed date to complete the project.
- Also read: Shriram Properties expands to Pune with 6-acre development deal, shares rise
The scope of work includes the development of Package PRR W5, which spans from kilometer 55+500 to kilometer 64+841 in Haveli/Bhor taluka of Maharashtra. This project is part of the larger Pune Ring Road initiative aimed at improving infrastructure connectivity around the city.
