This Multibagger infra stock has won Rs 262 crore contract from Railways

This company has secured a ₹262.3 crore contract from the Western Railway for a gauge conversion project. This involves converting a 38.9 km stretch from Kosamba to Umarpada in the Vadodara division. The project includes earthwork, blanketing, ballast supply, bridge construction, and station amenities. The company aims to complete the project in 24 months, enhancing regional railway infrastructure.

Following the announcement, GR Infraprojects’ shares rose by 1.56% to ₹1,266.35 on the BSE. This reflects market confidence in the company’s capabilities. The project aligns with GR Infraprojects’ strategy to expand its project portfolio and reinforce its position in the infrastructure sector.

The successful acquisition highlights the company’s expertise in executing complex railway projects. It also underscores its potential for future growth. By addressing supply chain issues and improving operational efficiency, GR Infraprojects aims to stabilize margins and achieve long-term growth.