December 05, 2016 12:18 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.

Gr House

Hiran Magri

Sector 11

Udaipur,  313002

India

Founded in 1995

Phone:

91 29 4248 7370

Fax:

91 29 4248 7749

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

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.

G R Infraprojects Plans IPO

G R Infraprojects Limited s planning to raise around INR 4 billion through an initial public offering (IPO) to fund its growth and provide exit route to some investors, according to two people aware of the development. "The firm has been meeting several bankers to discuss its plans for an IPO, and they have recently appointed three to four investment banks to manage the process," said one of the two people cited above, requesting anonymity. Motilal Oswal Private Equity Advisors Private Limited's India Business Excellence Fund and IDFC Investment Advisors Ltd. are looking to partially sell their holdings through the IPO, said the person adding that G R Infraprojects will look to sell shares to the public in the next financial year. GR Infraprojects is in discussions with investment banks, and will take a decision regarding the IPO only after getting approval from its investors, said Vinod Agarwal, Managing Director at the firm. IDFC Investment Advisors and Motilal Oswal Private Equity declined comment for the story, reported Mint.

Recent Private Companies Transactions

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

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact G R Infraprojects Limited, please visit www.grinfra.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.