About G R Infraprojects Limited

G R Infraprojects Limited is an integrated infrastructure developer founded in 1995, specialising in EPC and HAM projects across roads, highways, bridges, railways, metro, tunnels, ropeways, transmission, logistics parks, and manufacturing-backed execution with in-house units for bitumen emulsions, metal crash barriers, signage, paints, OHE structures, and GFRP rebars. As of March 31, 2025, operations spanned 23 Indian states with over 30 ongoing projects and eight manufacturing units located at Udaipur, Guwahati, Ahmedabad, and Sandila supporting backward integration and timely delivery under a centralised design, procurement, and project management model. The company carries AA/stable ratings from CRISIL and CARE and emphasizes precision, quality, safety, and agility, with a workforce of 10,947 as on March 31, 2025, and nearly three decades of execution heritage. Key milestones include commissioning bitumen emulsion units (Udaipur 30,000 MTPA; Guwahati 30,000 MTPA; Sandila), galvanisation/fabrication capacity at Ahmedabad, first NHAI HAM award, first railway award, PCOD on the Phagwara–Rupnagar HAM, listing on July 19, 2021, foray into transmission, tunnels, ropeways, MMLPs, and transfer of nine operational HAM assets to Indus Infra Trust as part of capital recycling. Standalone revenue from operations in FY 2024–25 was Rs 6,515.57 crore, with an order book of Rs 19,179.90 crore and L1 of Rs 5,166.30 crore on March 31, 2025; the debt-to-equity ratio stood at 0.07x, supported by InvIT distributions during the year and a strong governance framework.

G R Infraprojects Limited Business Segment

• Segment breadth includes Highways & Bridges, Railways & Metro, Hydro & Tunnelling, Multi-Modal Logistics Parks, Ropeways, Power Transmission & Distribution, and Manufacturing & Fabrication, reflecting a multi-sector solutions strategy anchored in EPC/HAM execution.

• Disclosures include segment order books and recent revenue references by verticals; geography-wise standalone revenue was entirely India, with no outside India revenue disclosed in FY 2024–25.

Domestic vs. International (Standalone FY 2024–25)

• India — Rs 6,426.97 crore (100.0%)

• International — Rs 0.00 crore (0.0%)

G R Infraprojects Limited Key Management

• Vinod Kumar Agarwal — Chairman and Wholetime Director

• Ajendra Kumar Agarwal — Managing Director

• Vikas Agarwal — Wholetime Director

• Sunil Kumar Agarwal — Executive Director

• Ramesh Chandra Jain — Executive Director

• Anand Rathi — Chief Financial Officer

• Sudhir Mutha — Company Secretary

Latest Updates on G R Infraprojects Limited

• Transferred an additional operational HAM asset to Indus Infra Trust as part of capital recycling, building on nine prior HAM transfers to the InvIT.

• Achieved PCODs on HAM projects such as Ena–Kim and Ujjain–Badnawar during FY 2024–25, demonstrating execution resilience despite muted award activity in H1.

• Entered/expanded in transmission and OFC; advanced ropeway initiatives with MoUs: Rs 270 crore (Maa Kamakhya, Assam) and Rs 400 crore (Amer–Jaigarh–Nahargarh, Rajasthan), with surveys initiated and state processes underway.

• Maintained AA/stable ratings (CRISIL and CARE), underscoring financial discipline and governance strength during sectoral headwinds.

Reported consolidated revenue of Rs 7,394.70 crore and standalone revenue of Rs 6,515.57 crore in FY 2024–25; order book of Rs 19,179.90 crore and L1 of Rs 5,166.30 crore as on March 31, 2025.