Construction and Engineering
Company Overview of G R Infraprojects Limited
G R Infraprojects Limited engages in the construction of highways, flyovers, bridges, buildings, air field developments, and irrigation facilities. It also offers road upgradations, geometrical improvements, implementation of B.O.T. projects, and assets preservation maintenance services. G R Infraprojects Limited was formerly known as G.R. Agarwal Builders & Developers Ltd. and changed its name to G R Infraprojects Limited in August 2007. The company was incorporated in 1995 and is based in Udaipur, India.
First Floor, Plot No. 11
LSC Vasant Kunj
Sector B 1
New Delhi, 110070
Founded in 1995
Key Executives for G R Infraprojects Limited
Managing Director and Executive Director
Founder and Chairman Emeritus
Vice President of Operations
Compensation as of Fiscal Year 2016.
G R Infraprojects Limited Key Developments
Several Indian Companies To Go Public
Feb 12 17
A large number of Indian companies have received a nod from the National Stock Exchange with respect to their plans to going public. The following are a few of those, along with the amounts they intend to raise: Aster DM Healthcare Limited (INR 16 billion), Continental Warehousing Corporation (Nhava Seva) Ltd. (Nhava Sheva) (INR 10 billion), Hinduja Leyland Finance Limited (INR 5.3 billion), Security and Intelligence Services (India) Limited (INR 5 billion), G R Infraprojects Limited (INR 4 billion), CL Educate Limited (INR 2.8 billion), K.P.R. Agrochem Limited (INR 2 billion), Nihilent Technologies Limited (INR 1.3 billion), Seaways Shipping and Logistics Limited (INR 1 billion), Shankara Building Products Ltd. (INR 500 million), S Chand And Company Limited (INR 6 billion), Central Depository Services (India) Limited (INR 4 billion), Music Broadcast Limited (INR 4 billion), GTPL Hathway Limited (INR 3 billion), Prataap Snacks Limited (INR 5 billion), Genesis Colors Ltd. (INR 6.5 billion).
IDFC Alternatives To Reportedly Acquire Two Road Projects From GR Infraprojects
Jan 16 17
IDFC Private Equity as signed an agreement to buy two annuity-based build, operate, transfer (BOT) road assets from G R Infraprojects Limited as it looks to expand its own portfolio of operational assets in India, two people directly aware of the discussions said. IDFC Alternatives will buy the two annuity assets—the 43.9km Reengus-Sikar Expressway in Rajasthan and the 47 km Shillong bypass in Meghalaya—for an equity value of about INR 3.5 billion. Investment bank Equirus Capital has advised GR Infraprojects in the deal, this person said. Equirus Capital declined to comment. IDFC Alternatives did not respond to an email query sent.
G R Infraprojects To Reportedly Sell Road Assets
Jan 3 17
G R Infraprojects Limited intends to sell three of its road assets. G R Infraprojects is evaluating bids to sell road assets, two people aware of the development said. The assets are Jodhpur-Pali Expressway and Reengus-Sikar Expressway in Rajasthan and the Shillong bypass in Meghalaya, the people cited above said. Anand Rathi, Chief Financial Officer at G R Infraprojects, said over the phone, "We were indeed in talks with prospective buyers a few months ago and had approached some investment banks with a potential sale mandate, but since then, there has been no progress." However, according to the people cited above, the latest offer for the road assets received by the company was almost a month ago. "A final decision is pending and offers are in the range of INR 280 crore to INR 300 crore for the assets," one of them said. "One of the reasons for the delay in sale is that the company is also simultaneously going ahead with its IPO (initial public offering) plan," this person said.
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