GR Infraprojects Share Price in Focus as Subsidiary Gets Completion Certificate for ₹1,368 Crore Delhi-Vadodara-Jaipur Expressway Spur

GR Infraprojects Limited has announced the completion of the 4-lane Greenfield expressway spur connecting the Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur as per the exhcange filings.  

The project was executed under the Bharatmala Pariyojana Phase-I in Rajasthan on a Hybrid Annuity Mode. 

Project Completion and Certification 

The expressway project, undertaken by GR Bandikui Jaipur Expressway Private Limited, a wholly-owned subsidiary of GR Infraprojects, has received its completion certificate.  

The Independent Engineer issued the certificate on June 30, 2026, declaring the project fit for commercial operations starting October 1, 2025. 

The project was executed under the Hybrid Annuity Mode (HAM) with a bid project cost of ₹1,368 crore, excluding GST.  

This infrastructure development is part of the Bharatmala Pariyojana Phase-I initiative, aimed at enhancing connectivity in the state of Rajasthan. 

Details of the Expressway Project 

The 4-lane expressway spur is a significant addition to the existing Delhi-Vadodara Greenfield expressway, enhancing connectivity to Jaipur.  

The project was completed with a focus on improving transportation efficiency and reducing travel time between key locations. 

Read More: Emcure Pharmaceuticals Share Price in Focus; Subsidiary Marcan to Complete CAD 50 Million Mantra Pharma Share Acquisition! 

Significance of Hybrid Annuity Mode 

The Hybrid Annuity Mode (HAM) is a public-private partnership model that combines the benefits of both Engineering, Procurement, and Construction (EPC) and Build-Operate-Transfer (BOT) models.  

It ensures a balanced risk-sharing between the government and the private sector, promoting efficient project execution. 

G R Infraprojects Share Price Performance  

As of July 03, 2026, at 3:30 PM, G R Infraprojects share price on NSE was closed at ₹912.95, down by 1.79% from the previous closing price. 

Conclusion 

The completion of the 4-lane expressway spur from Delhi-Vadodara to Jaipur marks a significant milestone for GR Infraprojects. With a project cost of ₹1,368 crore, the expressway is operational from October 1, 2025, enhancing regional connectivity. 

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