GR Infraprojects zooms 4% after subsidiary inks Rs 1,577 agreement with NHAI

Shares of GR Infraprojects NSE -1.22 % jumped 4.3 per cent in early trade on Friday as the integrated road engineering, procurement and construction firm said its subsidiary has bagged an agreement with the National Highways Authority of India (NHAI).

GR Infraprojects, said on June 2, that its wholly-owned subsidiary GR Madanapalli Pileru Highway has signed an agreement with the National Highways Authority of India (NHAI) for a road project worth Rs 1,577 crore.