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For 2 NHAI projects of Rs 16.13 bn in Karnataka, GR Infra bid lowest

2023-03-30

GR Infraprojects Ltd said that it had won two NHAI projects for Rs 16.13 billion by submitting the lowest proposal. The financial bids were opened on March 28, 2023, according to a BSE filing by GR Infraprojects. “The National Roads Authority of India (NHAI) requested bids for the following projects, and our company has emerged as an L1 bidder in a financial bid," the statement said.

Out of the two projects won by GR Infraprojects, one is worth Rs 8.97 billion and will be built as a 4/6 lane bypass in Karnataka using HAM (hybrid annuity mode) package 1. The project must be finished within 912 days after the designated date. The second HAM project in Karnataka, which consists of four lanes with paved shoulders, is worth Rs 7.16 billion and must be completed within 730 days from the appointment date.