Munger Link Highway Subsidiary Executes Concession Agreement for NH-33 Project
G R Infraprojects Limited announced that its wholly owned subsidiary, Munger Link Highway Private Limited, has executed a concession agreement with the National Highways Authority of India. This agreement pertains to a major infrastructure development in Bihar.The concession focuses on the construction of a 4 lane Greenfield Section of NH-33. The project segment spans from Mokama (Design Ch. 0+000) to Munger (Design Ch. 82+400) in the state of Bihar.
The project will be executed using the Hybrid Annuity Mode (HAM). According to the details provided, the estimated project cost for this undertaking is 2440.87 INR crores, excluding Goods and Services Tax (GST). The completion period for the project is set at 910 days from the appointed date.
The key details of the infrastructure project are summarized below:
| Parameter | Detail |
|---|---|
| Project | Construction of 4 lane Greenfield Section of NH-33 (Mokama to Munger, Bihar) |
| Funding Mode | Hybrid Annuity Mode (HAM) |
| Estimated Project Cost | 2440.87 INR crores (Excluding GST) |
| Completion Period | 910 days from Appointed date |
GRINFRA Stock Price Movement
Today, G R Infraprojects Limited shares edged higher, closing at ₹948.95, marking a gain of 0.16% for the day. The stock saw steady interest, with total traded volume for the session hitting 65,407 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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