Net profit of G R Infraprojects declined 11.00% to Rs 193.28 crore in the quarter ended September 2024 as against Rs 217.16 crore during the previous quarter ended September 2023. Sales declined 25.94% to Rs 1394.33 crore in the quarter ended September 2024 as against Rs 1882.78 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1394.331882.78 -26 OPM %25.3224.81 - PBDT307.80348.83 -12 PBT244.73287.09 -15 NP193.28217.16 -11 Powered by Capital Market - Live

GR Infraprojects will hold a meeting of the Board of Directors of the Company on 7 November 2024Powered by Capital Market - Live

The headline equity indices traded with substantial gains in morning trade. The Nifty traded above the 25,050 mark. Oil & gas shares advanced after declining in the past trading session. At 10:28 IST, the barometer index, the S&P BSE Sensex rose 407.76 points or 0.50% to 81,873.01. The Nifty 50 index added 110.30 points or 0.44% to 25,092.25. In the broader market, the S&P BSE Mid-Cap index gained 0.54% and the S&P BSE Small-Cap index rose 0.86%. The market breadth was strong. On the BSE, 2,538 shares rose and 981 shares fell. A total of 162 shares were unchanged. Ratan Tata, the Chairman Emeritus of Tata Sons and a recipient of India's second-highest civilian honor, the Padma Vibhushan, passed away on Wednesday at Mumbai's Breach Candy Hospital. He was 86 years old. Tata had been in critical condition and under intensive care. On Monday, he had disclosed that he was undergoing routine medical examinations due to his age and associated health conditions. Buzzing Index: The Nifty Oil & Gas index gained 1.17% to 12,395.85. The index shed 0.67% in the past trading session. Mahanagar Gas (up 3.25%), Oil India (up 3.19%), GAIL (India) (up 2.48%), Hindustan Petroleum Corporation (up 1.81%), Indraprastha Gas (up 1.36%), Gujarat Gas (up 1.21%), Indian Oil Corporation (up 1.19%), Petronet LNG (up 1.08%), Oil & Natural Gas Corpn (up 1.06%) and Bharat Petroleum Corporation (up 0.69%) advanced. Stocks in Spotlight: G R Infraprojects rallied 3.31% after the company announced the receipt of a letter of acceptance (LoA) for a project valued at Rs 903.53 crore from Maharashtra Metro Rail Corporation. Fortis Healthcare advanced 1.75% after the company informed that its board has approved the issuance of non-convertible debentures (NCDs) worth Rs 1,550 crore through a private placement.Powered by Capital Market - Live

The project entails designing and constructing a 17.624 km elevated metro viaduct. This includes two railway spans and a 6-lane double-decker section with a vehicular underpass (VUP) for a total length of 1.14 km. This work is part of Reach-1A of the Nagpur Metro Rail Project Phase-2. The project has to be executed on EPC mode within a period of 30 months. GR Infraprojects is engaged in construction of infrastructure facilities on engineering, procurement and construction (EPC) and built, operate and transfer (BOT) basis. The company's consolidated net profit tumbled 49.83% to Rs 155.45 crore in Q1 FY25 as compared to Rs 309.84 crore recorded in corresponding quarter previous year. Revenue from operations fell 18.07% year on year (YoY) to Rs 2,030.30 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

The project involves the design and construction of a 17.62 km elevated metro viaduct, which includes railway spans of 79 meters and 100 meters in length and a 6-lane Double decker portion with Vehicular Underpass (VUP) for a total length of 1.14 km in Reach-1A of NMRP Phase-2 The project will be executed under the engineering, procurement, and construction (EPC) mode, with a completion period of 30 months. GR Infraprojects is engaged in construction of infrastructure facilities on engineering, procurement and construction (EPC) and built, operate and transfer (BOT) basis. The company's consolidated net profit tumbled 49.83% to Rs 155.45 crore in Q1 FY25 as compared to Rs 309.84 crore recorded in corresponding quarter previous year. Revenue from operations fell 18.07% year on year (YoY) to Rs 2,030.30 crore in the quarter ended 30 June 2024.Powered by Capital Market - Live

G R Infraprojects has emerged as Lowest bidder in Financial Bid Opening dated 23 September 2024 for the following tender invited by Maharashtra Metro Rail Corporation, Nagpur (Maha Metro). The company bid project cost is Rs 903.54 crore. The design and construction of Elevated Metro Viaduct of length 17.624 km between Ch. 21256.814 to Ch. 38881.7 including Railway spans of length 79m & 100m and a 6-lane Double decker portion with Vehicular Underpass (VUP) from Ch. 25755.211 to Ch. 26895.211 for a total length of 1.14 km in Reach-1A of NMRP Phase-2. Powered by Capital Market - Live

The company had been identified as the selected bidder and received a Letter of Intent on 12 August 2024 for project 'Establishment of 400/220 kV 4x500 MVA Pooling Station near Tumkur, Karnataka, Tumkur-II ' Tumkur (Pavagada) line 400 kV (Quad ACSR Moose) D/c line and 2x125 MVAr 420 kV bus reactors with bays at Tumkur-II PS'. As a condition of RFP of the project, in order to undertake the project, the company shall purchase the shares of Tumkur-II REZ Power Transmission from REC Power Development and Consultancy. So, G R Infra has entered into share purchase agreement with REC Power Development and Consultancy (RECPDCL) for acquisition of Tumkur-II REZ Power Transmission (TRPTL). Tumkur-II REZ Power Transmission has become a wholly owned subsidiary of the company. GR Infraprojects is engaged in construction of infrastructure facilities on engineering, procurement and construction (EPC) and built, operate and transfer (BOT) basis. The company's consolidated net profit tumbled 49.83% to Rs 155.45 crore in Q1 FY25 as compared to Rs 309.84 crore recorded in corresponding quarter previous year. Revenue from operations fell 18.07% year on year (YoY) to Rs 2,030.30 crore in the quarter ended 30 June 2024. Shares of G R Infraprojects added 0.89% to Rs 1,620.50 on the BSE. Powered by Capital Market - Live

GR Infraprojects announced that the 28th Annual General Meeting (AGM) of the company will be held on 10 September 2024.Powered by Capital Market - Live