GR Infraprojects subsidiaries GR Belagavi-Hungund-Raichur (Package‐5) Highway and GR Belagavi-Hungund-Raichur (Package‐6) Highway executed a concession agreement with the National highways authority of India on Tuesday, involving highway projects worth Rs 1,457 crore, according to a regulatory filing.
As part of the agreement, GR Belagavi-Hungund-Raichur (Package‐5) Highway and GR Belgavi-Hungund-Raichur (Package‐6) will undertake certain construction activities on the Belgaum-Hungund-Raichur section of the National Highway (NH) 748A at bid project costs of Rs 716.5 crore and Rs 740.8 crore, respectively.
Both projects are in a hybrid annuity mode (HAM)—such projects involve a fixed payment for a certain period followed by variable amounts—with a completion period of 730 days and an operation period of 15 years.
Also Read : G R Infraprojects Ltd bags Belagavi Bypass and Belagavi-Hungund-Raichur highway projects
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GR Infra projects : Rajasthan-based GR Infraprojects is an infrastructure company catering to a host of construction activities in areas such as highways, bridges, railways and tunnels. Its primary business operations are divided into four main categories:
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- EPC and project management services for Roads and highways, bridges, airport runways, railways, metros, power transmission, and tunneling
- Development, operations and maintenance of roads and highways in build-operate-transfer (BOT) and hybrid annuity model (HAM) modes
- Manufacturing activities for bitumen processing, thermoplastic road-marking paint, road signage, and electronic equipment
- Fabrication of galvanised metal crash barriers and overhead equipment (OHE) masts
