G R Infraprojects has emerged as the lowest bidder for BSNL’s BharatNet Phase 3 project

In December 1995, our company, which has been a successful family business for thirty years, was incorporated as a public limited company. Since 1997, when the first road project was completed for the Public Works Department (PWD) in Rajasthan at a bid project cost of Rs. 26.50 million, we have been scaling up the value chain and progressively improving our ability to execute projects of varying sizes and complexity across different sectors. The Hybrid Annuity Model (HAM) project was recently awarded at a bid price of Rs. 27,470.00 million.

BSNL’s lowest bidder is G R Infraprojects Limited

The L-1 bidder in BSNL’s Bharat Net Ph-3 (Middle Mile) Project: Package-16, with a bid opening date of November 9, 2024, is G R Infraprojects Limited. On behalf of the Department of Telecom (DoT), Bharat Sanchar Nigam Limited (BSNL) they issued this tender invitation. As per the terms of the February 15, 2024, Tender Enquiry Number: MM/BNO&M/BN-III/T-791/2024 (Package 16 – Kerala), the project comprises designing, supplying, building, installing, upgrading, and operating and maintaining Bharat Net’s middle mile network. The contract has a price of Rs 867.54 crore (GST included), and it will be executed using the Design, Build, Operate, and Transfer (DBOT) method for three years of execution and seven years of operation and maintenance.

In Karnataka, G R Infraprojects Limited is a lower bidder for the transmission scheme project

The business previously won Karnataka’s transmission scheme project as the lowest bidder (L-1). Installing line bays and bus reactors, building a transmission line, and setting up a pooling station are all part of this project, which was awarded on a Build, Own, Operate, and Transfer (BOOT) basis. To finish this project, G R Infraprojects will purchase Bijapur REZ Transmission Limited, a recently incorporated company with no noteworthy operational history. To meet the project requirements, the company must make this acquisition, which is outside of its normal business. It is anticipated that the purchase will be finalized by January 31, 2025, using cash consideration.

Results for G R Infraprojects Limited in Q2 of FY25

The market capitalization of GR Infraprojects Ltd. is over Rs 15,000 crore, according to the financials, and as of September 30, 2024, the order book is worth Rs 14,640.50 crore. 

G R Infraprojects Limited’s stock price

G R Infraprojects Limited’s stock price is currently trading at Rs. 1,602.60 per share, with a high of Rs. 1,632.00.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.