GRINFRA

** Shares of G R Infraprojects GINF.NS surge 10.6% to 1041 rupees, their second-biggest one-day gain

** Engineering and construction co wins project worth about 42.63 billion rupees ($492.2 million) from National Highways Authority of India for road construction

** More than 832,000 shares traded, 7.5x the 30-day avg

** Still, stock is below 50-, 100-, 200- day moving avgs

** Avg of analysts rating on stock is "buy," same as that on peers Ashoka Buildcon ABDL.NS, KNR Constructions KNRL.NS; median PT on GINF is 1508 rupees - data compiled by LSEG

** Stock down 30% so far this year, after a 28.6% rise in 2024

($1 = 86.6080 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

March 18 (Reuters) - G R Infraprojects Ltd GINF.NS:

• RECEIVES LOA FROM NHAI FOR PROJECT

• ESTIMATED PROJECT COST IS 42.63 BILLION RUPEES

Source text: ID:nBSE7N78qC

Further company coverage: GINF.NS

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March 7 (Reuters) - G R Infraprojects Ltd GINF.NS:

• APPROVES DIVESTMENT OF 100% EQUITY STAKE IN GGBHPL

• INTERIM DIVIDEND OF 12.50 RUPEES PER EQUITY SHARE

Source text: ID:nBSE6gDWVF

Further company coverage: GINF.NS

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Feb 26 (Reuters) - G R Infraprojects Ltd GINF.NS:

• G R INFRAPROJECTS LTD - SIGNS MOU WITH ASSAM GOVERNMENT FOR ROPEWAY PROJECT

• G R INFRAPROJECTS LTD - PROPOSED INVESTMENT IN ROPEWAY PROJECT IS 2.70 BILLION RUPEES

Source text: ID:nBSEbtdxTw

Further company coverage: GINF.NS

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Updates

** Shares of Indian railway infra-linked cos Rail Vikas RAIV.NS, Ircon International IRCN.NS, Titagarh Rail TITG.NS, Indian Railway Finance Copr INID.NS, Texmaco Rail TEXA.NS, RailTel RAIT.NS drop 4%-7% on the day

** Road infra-linked cos Larsen & Toubro LART.NS, IRB Infra IRBI.NS, G R Infraprojects GINF.NS, HG Infra HGIN.NS, KEC International KECL.NS also lose 4%-7%

** FY26 capex set at 11.2 trln rupees ($128.58 bln), up 10% Y/Y

** Infra-related capex growth for FY2026 is underwhelming, says J.P.Morgan

** Adds, railways and road capex growth remains flat for the fiscal

** Says, almost the entire growth in FY26 capex driven by investment in items unrelated to infra, including investment in international financial institutions, other economic services

** Infra-linked stocks have been biggest losers in benchmark Nifty 50 and sectoral indexes on Saturday and Monday

** Nifty infrastructure index .NIFTYINFR down 3.2% in two sessions vs 0.8% drop in Nifty 50

($1 = 87.1075 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463;))

** Shares of G R Infraproject GINF.NS rise 2.8% to 1,297.1 rupees

** The construction and engineering co emerged as lowest bidder for 38.9 kilometer rail project valued at 2.62 billion rupees ($30.3 million)

** Tender for gauge conversion of the track and associated works

** Nine analysts covering the stock on avg have a "hold" rating - data compiled by LSEG

** Stock gained 29% in 2024

($1 = 86.5740 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Jan 16 (Reuters) - Power Finance Corporation PWFC.NS:

• GADAG II AND KOPPAL II TRANSMISSION TRANSFERRED TO POWER GRID CORPORATION

• BIJAPUR REZ TRANSMISSION TRANSFERRED TO G R INFRAPROJECTS

Source text: ID:nBSE99YXrZ

Further company coverage: PGRD.NS

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Jan 13 (Reuters) - G R Infraprojects Ltd GINF.NS:

• G R INFRAPROJECTS LTD - EMERGED AS L-1 BIDDER FOR PROJECT

• G R INFRAPROJECTS LTD - PROJECT FOR CONTRACT PRICE 19.47 BILLION RUPEES

Source text: ID:nBSE85RdSg

Further company coverage: GINF.NS

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Dec 12 (Reuters) - G R Infraprojects Ltd GINF.NS:

• G R INFRAPROJECTS - GOT LOI FOR PROJECT IN KARNATAKA

• G R INFRAPROJECTS - PROJECT AT QUOTED TRANSMISSION COST 1.08 BILLION RUPEES PER ANNUM

Source text: ID:nBSE11YkcL

Further company coverage: GINF.NS

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Nov 7 (Reuters) - G R Infraprojects Ltd GINF.NS:

• WON BID FOR TRANSMISSION SCHEME FOR INTEGRATION OF BIJAPUR REZ

Source text: ID:nBSE92KHC5

Further company coverage: GINF.NS

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** Shares of G R Infraprojects GINF.NS gain 3.4% to 1,674 rupees, its biggest one-day gain since Sept. 27

** Construction and engineering co gets contract worth 18.86 billion rupees ($224.39 million) for construction of access controlled ring road in Pune city in western India

** GINF sees second-busiest day in nearly three weeks, with more than 118,000 shares traded

** Analysts, on avg, rate stock "hold" vs "strong buy" for peer HG Infra Engineering HGIN.NS

** Their median PT for GINF is 1,615 rupees - LSEG data

** Stock up 46% YTD vs 74% surge in HGIN

($1 = 84.0500 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Oct 15 (Reuters) - G R Infraprojects Ltd GINF.NS:

• G R INFRAPROJECTS LTD - GETS LOA FROM MAHARASHTRA STATE ROAD DEVELOPMENT CORP

• G R INFRAPROJECTS LTD - CONTRACT PRICE AT 18.86 BILLION RUPEES

Source text for Eikon: ID:nBSE28HhtR

Further company coverage: GINF.NS

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** Shares of GR Infraprojects GINF.NS rise as much 4.4% to 1,715 rupees

** Stock among top gainers on Nifty midcap 50 index .NIMDCP50, which is up 0.53%

** The construction and engineering co said on Wednesday it got a letter of acceptance worth 9.04 bln rupees (~$108 mln)

** Order from Maharashtra Metro Rail Corp for design and construction of elevated metro viaduct

** Nine analysts covering the stock have a "hold" rating; median PT is 1,615 rupees - LSEG data

** Stock up 48% so far this year vs a 22% rise in rival PNC Infratech's PNCI.NS shares and a 78% jump in HG Infra HGIN.NS

($1 = 83.9550 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

(([email protected] ; ( +91 8078332441))

Oct 9 (Reuters) - G R Infraprojects Ltd GINF.NS:

• GOT LOA FOR PROJECT WITH BID PROJECT COST OF 9.04 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: GINF.NS

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** Shares of G R Infraprojects GINF.NS rise 4.5% to 1,741 rupees, highest since early Aug

** Engineering and construction co is lowest bidder at 9.04 bln rupees ($108.2 mln) for tender to build metro viaduct

** Avg rating of nine analysts on GINF is "hold"; median PT 1,615 rupees -LSEG data

** Stock now up ~52% YTD, more than PNC Infratech PNCI.NS (~24%) but trailing HG Infra HGIN.NS (~81%)

($1 = 83.5470 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Sept 23 (Reuters) - G R Infraprojects Ltd GINF.NS:

• G R INFRAPROJECTS LTD - EMERGED AS LOWEST BIDDER FOR PROJECT WITH BID VALUE 9.04 BILLION RUPEES

Source text for Eikon: ID:nNSE73FpFF

Further company coverage: GINF.NS

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Sept 3 (Reuters) - G R Infraprojects Ltd GINF.NS:

• ENTERED PURCHASE AGREEMENT WITH REC POWER DEVELOPMENT AND CONSULTANCY

• DEAL FOR ACQUISITION OF TUMKUR-II REZ POWER TRANSMISSION

• DEAL FOR 67.2 MILLION RUPEES

Source text for Eikon: ID:nBSE9k7Qwv

Further company coverage: GINF.NS

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** Shares of G R Infraprojects GINF.NS fall 4.8% to 1,686 rupees, set for worst day in nearly two months

** Engineering and construction co posts a 50% fall in June-quarter consol net profit while rev from ops drops 18%

** Avg rating of nine analysts covering the stock at "hold"; median PT is 1,584.50 rupees

** Stock up ~47% YTD vs a ~40% and ~87% jump in rivals PNC Infratech PNCI.NS and HG Infra Engineering HGIN.NS, respectively

(Reporting by Dimpal Gulwani in Bengaluru)

(([email protected]))

Aug 1 (Reuters) - G R Infraprojects Ltd GINF.NS:

• JUNE-QUARTER CONSOL NET PROFIT 1.55 BILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 20.30 BILLION RUPEES

Source text for Eikon: ID:nBSE68mZS0

Further company coverage: GINF.NS

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June 27 (Reuters) - Bharat Highways InvIT BHAW.NS:

• BHARAT HIGHWAYS INVIT - APPROVED ACQUISITION OF 100% EQUITY SHAREHOLDING OF GR ALIGARH KANPUR HIGHWAY FROM G R INFRAPROJECTS

Source text for Eikon: ID:nNSE7rTV3l

Further company coverage: BHAW.NS

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June 25 (Reuters) - G R Infraprojects Ltd GINF.NS:

• APPROVED NON-BINDING COUNTER OFFER FOR ACQUISITION OF 100% EQUITY STAKE IN GR ALIGARH KANPUR HIGHWAY BY BHARAT HIGHWAYS INVIT

Source text for Eikon: ID:nBSE91DTMM

Further company coverage: GINF.NS

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May 29 (Reuters) - G R Infraprojects Ltd GINF.NS:

• APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES ON PRIVATE PLACEMENT BASIS

• SIZE OF ISSUE OF UP TO 2 BILLION RUPEES

• MARCH-QUARTER CONSOL NET PROFIT 5.54 BILLION RUPEES VERSUS PROFIT 3.90 BILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 24.85 BILLION RUPEES VERSUS 24.61 BILLION RUPEES

Source text for Eikon: ID:nBSE1W68yY

Further company coverage: GINF.NS

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May 23 (Reuters) - G R Infraprojects Ltd GINF.NS:

• TO CONSIDER RAISING OF FUNDS BY ISSUANCE OF NON-CONVERTIBLE DEBENTURES

Source text for Eikon: ID:nBSEb9Bs6p

Further company coverage: GINF.NS

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** Shares of GR Infraprojects GINF.NS up 3.5% at 1,624.75 rupees

** Engineering and construction co says it got two projects worth 19.97 bln rupees ($239.9 mln) and 23.49 bln rupees ($282.2 mln)

** GINF rated "hold" on avg, rival HG Infra Engineering HGIN.NS rated "strong buy" - LSEG data

** YTD, GINF and HGIN up ~42% and ~87%, respectively

($1 = 83.2300 Indian rupees)

(Reporting by Varun Vyas in Bengaluru)

(([email protected]))

** Shares of construction co NBCC (India) NBCC.NS are up around 8%

** NBCC said it secured new works worth 235 billion rupees ($2.8 billion) during FY23-24, up more than 250% from previous year

** Stock set for its second best day of the month; it is up about 13% in April

** Nearly 26 mln shares traded as of 3:00 p.m. IST, 2 times its 30-day avg

** NBCC has outperformed its peers so far this year

** Stock up about 67% YTD, compared with a 33% rise in Ircon International IRCN.NS and a 17.5% rise in G R Infraprojects GINF.NS

($1 = 83.3531 Indian rupees)

(Reporitng by Nishit Navin)

(([email protected];))

March 20 (Reuters) - G R Infraprojects Ltd GINF.NS:

• UNIT OF G R INFRAPROJECTS AND UNIT OF PSA INDIA ENTER AGREEMENT TO ESTABLISH AN INLAND CONTAINER DEPOT IN MADHYA PRADESH - STATEMENT

Further company coverage: GINF.NS

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** Shares of GR Infraprojects GINF.NS down 2.1% at 1,202.75 rupees

** Engineering, procurement and construction firm reported a 25% fall in consolidated net profit to 2.43 bln rupees ($29.3 mln) for the Dec-qtr, revenue dipped 2.6%

** GINF eyes fourth straight session of losses; on track to snap five consecutive weeks of gains

** On avg, rating of 10 analysts equivalent of "buy"; median PT 1300 rupees - LSEG data

($1 = 83.0090 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru)

(([email protected]; +91 8805175330 ;))

Feb 12 (Reuters) - G R Infraprojects Ltd GINF.NS:

• G R INFRAPROJECTS LTD DEC-QUARTER CONSOL NET PROFIT 2.43 BILLION RUPEES VERSUS 3.24 BILLION RUPEES

• G R INFRAPROJECTS LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 21.34 BILLION RUPEES VERSUS 21.92 BILLION RUPEES

Source text for Eikon: ID:nBSE22f2st

Further company coverage: GINF.NS

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Jan 1 (Reuters) - G R Infraprojects Ltd GINF.NS:

• EMERGED AS BIDDER AND RECEIVED LOI FROM REC POWER DEVELOPMENT AND CONSULTANCY

• ANNUAL TRANSMISSION CHARGES AT 419.7 MILLION RUPEES

Source text for Eikon: ID:nBSE4YLs33

Further company coverage: GINF.NS

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** Order momentum for Indian engineering, procurement and construction (EPC) companies could moderate from Q4 - India Ratings and Research

** Order award activity has halved in 7 months of FY24 in highway sector, India Ratings says; flags, overall awards could undershoot expectations in FY24

** Says lull setting in due to general elections, potentially lowering revenue visibility for FY25

** Road sector could face muted revenue growth in 2HFY24, while margins may ease from historical averages on competitive pressure - India Ratings

** Adds, fourth-quarter operations could be hit by unavailability of adequate labour amid elections

** Says EPC sector EBITDA margins to improve in H2; gains limited to 30-40 bps for FY, versus initial expectation of 100 bps

(Reporting by Sethuraman NR)

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