February 21, 2017 6:18 AM ET

Construction and Engineering

Company Overview of G R Infraprojects Limited

Company Overview

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

India

Founded in 1995

Phone:

91 11 4011 1200

Fax:

91 11 4181 5016

Key Executives for G R Infraprojects Limited

Managing Director, Executive Director, Chairman of IPO Committee and Member of Corporate Social Responsibility Committee
Age: 57
Founder and Chairman Emeritus
Chief Financial Officer
Vice President of Operations
President of Procurement
Compensation as of Fiscal Year 2016.

G R Infraprojects Limited Key Developments

Several Indian Companies To Go Public

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 (INR 16 billion), Continental Ware housing Corp (Nhava Sheva) (INR 10 billion), Hinduja Leyland Finance (INR 5.3 billion), Security and Intelligence Services (INR 5 billion), GR Infraprojects (INR 4 billion), CL Educate (INR 2.8 billion), KPR Agrochem (INR 2 billion), Nihilent Technologies (INR 1.3 billion), Seaways Shipping & Logistics (INR 1 billion), Shankara Building Products (INR 500 million), S Chand & Co (INR 6 billion), Central Depository Services Limited (INR 4 billion), Music Broadcast Limited (INR 4 billion), GTPL Hathway (INR 3 billion), Pratap Snacks (INR 5 billion), Genesis Colours (INR 6.5 billion).

G R Infraprojects To Reportedly Sell Road Assets

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.

G R Infraprojects Bags INR 14.44 Billion Highway Contract

G R Infraprojects has secured a contract valued at INR 14.44 billion for the widening of a highway segment in Punjab, India. The contract, awarded by the National Highways Authority of India (NHAI), will include the widening of an 81km stretch of Phagwara-Rupnagar to four lanes. The NHAI has issued Letter of Award for development of national highway section in the state of Punjab under phase IV of National Highways Development Projects. The road stretch runs through Banga Town and proposed Nawashahir bypass and terminates at Rupnagar. The project will include four structures (Grade separator/flyover), one major bridge, 22 minor bridges, one Vehicular Underpass and one Pedestrian Underpass. It would be delivered on Hybrid Annuity mode and the work on the project is set to be completed within 30 months from the date of commencement.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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