GR Infraprojects Bags Massive ₹2440.87 Cr NHAI Order For 82.4 Km NH-33 Bihar Project
GR Infraprojects Limited has secured a major infrastructure contract worth ₹2440.87 crores from NHAI for constructing a 4-lane greenfield section of NH-33 highway from Mokama to Munger in Bihar. The 82.40 km project will be executed under Hybrid Annuity Mode with a completion timeline of 910 days, marking a significant addition to the company's order book and strengthening its position in India's highway construction sector.
*this image is generated using AI for illustrative purposes only.
GR Infraprojects Limited has officially received the Letter of Award (LOA) from the National Highways Authority of India for a significant highway construction project worth ₹2440.87 crores. The company announced this development to stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following their earlier emergence as the lowest bidder (L-1) for the prestigious infrastructure project.
Project Award Details
The LOA dated March 23, 2026, confirms the award of the 4-lane greenfield section construction of National Highway-33 (NH-33) from Mokama to Munger in Bihar state. This follows the company's announcement as L-1 bidder on March 18, 2026, after the financial bid opening process.
| Parameter: | Details |
|---|---|
| Project Name: | Construction of 4 lane Greenfield Section of NH-33 from Mokama to Munger |
| Contract Value: | ₹2440.87 crores |
| Location: | Bihar State |
| Distance: | 82.40 km (Design Ch. 0+000 to 82+400) |
| Implementation Mode: | Hybrid Annuity Mode (HAM) |
| Completion Period: | 910 days from Appointed date |
| LOA Date: | March 23, 2026 |
Implementation Framework
The project will be executed under the Hybrid Annuity Mode (HAM), which is a public-private partnership model commonly used for highway projects in India. Under this arrangement, the concessionaire receives a portion of the project cost from the government during the construction phase, with the remaining amount paid through annuity payments over the operational period.
Regulatory Compliance and Communication
GR Infraprojects has maintained full transparency by informing both BSE Limited and National Stock Exchange of India Limited about this development. The company's communication, signed by Company Secretary Sudhir Mutha (ICSI Membership No. ACS18857), ensures compliance with regulatory requirements. The company has committed to provide updates on any further developments related to this project.
Strategic Significance
This project award represents a substantial addition to GR Infraprojects' order book, reinforcing the company's position in India's highway construction sector. The NH-33 corridor is strategically important for connecting various regions in Bihar and enhancing transportation infrastructure in the state. The 910-day completion timeline indicates the project's scale and complexity, requiring significant resource deployment and project management capabilities from the infrastructure company. The formal LOA receipt marks the transition from bidder selection to project execution phase.
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
