GR Infraprojects Executes Concession Agreement with NHAI for ₹4,263 Crore Greenfield Highway Project

G R Infraprojects Limited has informed the stock exchanges that its wholly owned subsidiary, Agra Gwalior Highway Private Limited, has entered into a significant concession agreement with the National Highways Authority of India (NHAI), under the Ministry of Road, Transport and Highways.

The agreement was executed on April 30 2025, and pertains to the development of a critical highway infrastructure project spanning across three Indian states—Uttar Pradesh, Rajasthan, and Madhya Pradesh.

Project Overview and Scope

The project, under the NHAI’s National Highways (Original) scheme, involves the construction of a greenfield highway and related infrastructure improvements, divided into 2 major components:

Section 1: New Greenfield Highway Construction

This includes the development of a 6-lane access-controlled highway starting from village Deori in Agra district (design km 0+000) and extending to village Susera in Gwalior district (design km 88+400). The stretch covers parts of Uttar Pradesh, Rajasthan, and Madhya Pradesh.

Section 2: Overlay and Safety Works

This part of the project entails strengthening and safety upgrades on the existing Agra-Gwalior section of NH-44, specifically from km 1058.00 to 1148.00 (design chainage 13.00 to 103.00), enhancing the overall efficiency and safety of the highway corridor.

Financial and Operational Details

• Estimated Project Cost: ₹4,262.78 crore (inclusive of GST)

• Mode: DBFOT model (Design, Build, Finance, Operate and Transfer) under BOT (Toll)

• Execution Timeline: 910 days from the appointed date

This large-scale infrastructure project aims to boost connectivity and reduce travel time across major trade and transit routes between North and Central India.

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GR Infra Share Price Reaction

Following the announcement, GR Infraprojects’ share price was trading higher by 0.43% as of 12:17 PM on May 2, 2025. 

Conclusion

The agreement marks another step in GR Infra’s continued expansion in highway development under the PPP model. With this concession in place, the company strengthens its footprint in high-value road infrastructure across India.

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