GR Infraprojects Share Price Jumps After NHAI Clears Major Highway Project

Shares of GR Infraprojects Ltd (NSE: GRINFRA) witnessed a sharp uptick on Wednesday, July 9, 2025, after the company secured the appointed date for a prestigious highway project under the Bharatmala Pariyojana. The stock rallied over 3.1% intraday to touch ₹1,290.30, drawing strong investor attention toward the company’s renewed execution pipeline.

This development marks a turning point for GR Infraprojects, which has been under pressure due to broader infrastructure sector headwinds and weak market sentiment earlier this year.

Project Highlights: Bharatmala Highway Package 7

The project awarded to GR Infraprojects is a significant milestone under the Bharatmala Pariyojana Phase I, aimed at enhancing inter-state highway infrastructure across India. Here’s a quick snapshot:

Project Name: Six-lane Greenfield Highway Project (Package 7)
Highway Stretch: Anarbansalea village to Sagrampur village (KM 151+200 to KM 184+700)
Total Length: 33.50 kilometers
Location: Bihar region under Varanasi-Ranchi-Kolkata corridor
Appointed Date: July 1, 2025
EPC Partner: GR Varanasi Kolkata Highway Pvt Ltd (Wholly-owned subsidiary of GR Infraprojects)
Project Value: ₹1,248.37 crore
Execution Timeline: 730 days (2 years)
Implementation Mode: Hybrid Annuity Model (HAM)

This HAM-based project means GR Infraprojects will receive 40% of the project cost from the government in the form of grants, while the remaining 60% will be recovered via annuity payments over time.

Strategic Importance of the Project

This project is not just a routine EPC contract—it is a part of India’s strategic efforts to modernize logistics and highway networks in Eastern India. The Varanasi-Ranchi-Kolkata corridor is critical for:

Trade flow across Uttar Pradesh, Jharkhand, Bihar, and West Bengal
Reducing traffic congestion on NH-2 and NH-19
Enabling seamless industrial and freight movement
Faster connectivity to ports and economic zones

Infrastructure analysts believe that such high-impact government projects boost regional development and also serve as visibility enhancers for EPC firms like GR Infraprojects.

Market Sentiment & Stock Reaction

The stock responded swiftly to this positive trigger. On July 9, GR Infraprojects shares rose by 3.1% intraday, reaching a high of ₹1,290.30 on the NSE. The announcement has injected optimism into the counter, especially after months of underperformance.

GR Infraprojects Stock Snapshot (12-Month View)

Metric	Value
52-Week High	₹1,835 (July 2024)
52-Week Low	₹902.05 (March 2025)
Current Price (Intraday High)	₹1,290.30 (July 9, 2025)
YoY Correction	~30%
YTD Performance	-11% (Approx)

Monthly Stock Returns – 2025

Month	Monthly Change (%)
January	-13%
February	-21.5%
March	+4%
April	-0.5%
May	+23%
June	+3%
July (MTD)	-3% (before today’s rise)

The July 9 bounce may signal a short-term reversal or consolidation, especially with more project executions expected in the second half of the fiscal year.

Order Book Boost & Execution Pipeline

The confirmation of this appointed date strengthens GR Infraprojects’ order book visibility, ensuring revenue realization over the next two years. As an EPC major with a focus on roads and highways, such long-tenure, government-backed projects offer stability and execution momentum.

Additionally, the Bharatmala Pariyojana continues to be a large source of growth for the company, which already has a significant presence across India’s highway corridors.

Analyst Viewpoint:
Brokerage houses have often highlighted that the company’s robust execution capabilities and consistent bidding wins under the Hybrid Annuity Model place it in a leadership position among mid-cap infra stocks.

What Lies Ahead?

GR Infraprojects has already demonstrated execution excellence in several completed projects under NHAI and state PWDs. With the newly appointed date in hand and a government-approved project budget of ₹1,248.37 crore, the company now has: