The project involves the construction of the Pune Ring Road (East) on an Engineering, Procurement, and Construction (EPC) basis. Specifically, this package (PRR E6) covers a 16-kilometer stretch from Sonori to Garade in Purandar Taluka, Pune district.
The project is to be completed within 1,095 days from the appointed date, with a total contract value of Rs 1,947 crore.
GR Infraprojects is engaged in the construction of infrastructure facilities on an engineering, procurement, and construction (EPC) and built, operate, and transfer (BOT) basis.
The company's consolidated net profit shed 11% to Rs 193.28 crore on a 25.94% fall in revenue from operations to Rs 1,394.33 crore in Q2 FY25 over Q2 FY24.
The scrip fell 3.93% to currently trade at Rs 1269.60 on the BSE.