GR Infraprojects has secured a key position in India’s highway development pipeline after emerging as the lowest bidder for a major road construction project in Bihar.
The development highlights the company’s continued participation in large-scale infrastructure projects across the country.
The company has been identified as the L1 bidder for the construction of a four-lane greenfield stretch on National Highway 33. The project spans from Mokama to Munger in Bihar, covering a significant corridor aimed at improving regional connectivity.
The total contract value for the project stands at ₹2,440.87 crore, placing it among notable highway development contracts awarded in recent months. The bid outcome reflects the company’s competitive positioning in securing infrastructure projects of this scale.
The project will be executed under the Hybrid Annuity Model, a widely used structure in highway development that combines public and private sector participation. This model allows for shared financial responsibility while ensuring long-term project viability.
The construction timeline for the project is set at 910 days from the appointed date. Once completed, the highway is expected to enhance transportation efficiency and support economic activity across the region.
GR Infraprojects has built a strong presence in the roads and highways segment, with a portfolio spanning engineering, procurement and construction activities. The company’s ability to secure large-value projects reflects its execution capabilities and established track record in infrastructure development.
Winning this project further strengthens its order pipeline and supports revenue visibility over the medium term. With continued government focus on expanding road networks, such project wins are expected to play a key role in sustaining growth momentum.
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As of 19 March 2026, at 9:20 AM, GR Infraprojects Limited share price is trading at ₹960.75 per share, reflecting a gain of 3.86% from the previous closing price. Over the past month, the stock has declined by 2.23%.
The L1 bidder status for the NH-33 project marks another addition to GR Infraprojects’ expanding project portfolio, reinforcing its position in India’s highway construction sector.
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Published on: Mar 19, 2026, 10:48 AM IST
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