G R Infraprojects Limited has emerged as the lowest bidder for a highway project valued at ₹1,453.57 crore, equivalent to about ₹14.54 billion.
The update was disclosed in a regulatory filing dated 27 March 2026. The tender has been issued by the National Highways Authority of India (NHAI).
The project involves upgrading an existing 2-lane road into a 4-lane divided carriageway. The stretch covers 60.21 kilometres on NH-56 in Gujarat. It runs between Nasarpore village in Umarpada taluka and Malotha village in Vyara taluka.
The contract follows the Hybrid Annuity Model, where payments are split between government support and developer funding. The construction period is set at 910 days from the appointed date.
Separately, the company has received a Notification of Award from NTPC Limited for a battery energy storage project. The contract value is ₹413.37 crore, excluding GST, as per a filing dated 28 March 2026.
The work relates to the installation of battery energy storage systems at the Mouda Super Thermal Power Station. It includes design, supply, installation, and maintenance over the system’s lifecycle.
The NTPC project is to be completed within 15 months from the appointed date. It is an engineering, procurement, and construction contract with supply on an ex-works basis. The company has stated that there is no promoter or related party interest in the awarding entity.
Read More: G R Infraprojects Wins ₹2,440.87 Crore Highway Project from NHAI!
As of March 30, 2026, at 11:08 am, G R Infraprojects Ltd share price was trading at ₹814.00, up 1.18% from the previous closing price.
The road project is at the bidding stage and awaits final award. The NTPC order has already been awarded and adds to the company’s current project pipeline across infrastructure and energy segments.
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Published on: Mar 30, 2026, 2:45 PM IST
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