GR Infraprojects shares surge over 6% on winning multiple projects

Shares of GR Infraprojects rallied over 6% to Rs 1,027.4 in Thursday’s intraday trade after the firm was declared the lowest bidder for projects in Maharashtra and Arunachal Pradesh.

GR Infraprojects announced that the Dibang Power consortium, a joint venture between GR Infraprojects and Patel Engineering, has emerged as the L-1 bidder for the construction of civil works for LOT-4 comprising head race tunnels including intake, pressure shafts, penstocks, powerhouse & transformer cavern, tailrace tunnels, pothead yard, adits etc. for Dibang Multipurpose Project 2880 MW (12 X 240 MW) in Arunachal Pradesh.