G R Infraprojects Limited has announced that its wholly owned subsidiary, Munger Link Highway Private Limited, has executed a concession agreement with the National Highways Authority of India (NHAI) on 14th May 2026. The disclosure was made in compliance with the provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Overview

The agreement pertains to the construction of a 4-lane Greenfield section of National Highway 33 (NH-33), connecting Mokama (Design Ch. 0+000) to Munger (Design Ch. 82+400) in the state of Bihar. The project will be executed under the Hybrid Annuity Mode (HAM), a widely adopted framework for highway development in India that combines elements of Engineering, Procurement and Construction (EPC) and Build-Operate-Transfer (BOT) models. The total estimated project cost stands at ₹2440.87 crores (excluding GST), with a completion period of 910 days from the Appointed date.

Key Project Details

The following table outlines the key parameters of the project as disclosed by the company:

Subsidiary and Corporate Structure

Munger Link Highway Private Limited is a wholly owned subsidiary of G R Infraprojects Limited, incorporated specifically to execute this highway project. The concession agreement formalises the subsidiary's role as the project concessionaire, responsible for the construction and subsequent operation of the highway stretch as per the terms agreed with NHAI.

Disclosure and Compliance

The announcement was made by Company Secretary Sudhir Mutha on behalf of G R Infraprojects Limited, in compliance with applicable SEBI listing regulations. The company has requested the stock exchanges to take the disclosed information on record. G R Infraprojects Limited, formerly known as G.R. Agarwal Builders and Developers Limited, is headquartered at Gurugram, Haryana, with its head office in Udaipur, Rajasthan, and registered office in Ahmedabad, Gujarat.

GR Infraprojects Limited has announced that its wholly owned subsidiary, GR Amritsar Bathinda Highway Private Limited, has received a Provisional Completion Certificate for a key highway development project in Punjab. The certificate was issued by the Independent Engineer on 13th May 2026, and the project has been declared fit for entry into commercial operation with effect from 1st March 2026. The disclosure was made in accordance with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Project Overview

The project involves the development of a 6-lane Amritsar-Bathinda Greenfield section of NH-754A, stretching from village Tiba on NE-5A to the junction with Moga Jalandhar road (NH-703) near Dharamkot, covering a stretch from km 0+000 to km 39+000. It forms part of the Amritsar-Jamnagar Economic Corridor in the state of Punjab and has been executed under the Hybrid Annuity Mode as part of Bharatmala Pariyojana Phase-I (Package-1).

Key Project Details

The following table summarises the key parameters of the completed project:

Significance of the Development

The Provisional Completion Certificate marks a significant milestone for GR Infraprojects, confirming that the project has met the requisite standards for commercial operation. The project is part of the Government of India's Bharatmala Pariyojana Phase-I, a flagship national highway development programme aimed at improving connectivity across key economic corridors. The Amritsar-Jamnagar Economic Corridor, of which this section forms a part, is designed to enhance freight and passenger movement across northwestern India.

The disclosure was signed by Sudhir Mutha, Company Secretary of GR Infraprojects Limited, and submitted to both BSE Limited and the National Stock Exchange of India Limited on 13th May 2026.