GR Infraprojects Limited has announced a significant milestone in its highway development portfolio with the issuance of Provisional Completion Certificate-II for its Bilaspur-Urga highway project. The company's wholly owned subsidiary, GR Bilaspur Urga Highway Private Limited, has achieved provisional completion of an additional section of the strategic highway project under the Bharatmala Pariyojana.

Project Completion Details

The Independent Engineer has issued Provisional Completion Certificate-II for an additional project section length of 13.895 km, bringing the total completed length to 69.015 km out of the project's total length of 70.200 km. The completed section has been provisionally declared fit for entry into commercial operation with effect from June 30, 2025.

Project Overview

The project involves 4-laning of the Bilaspur-Urga section of NH-130A from design Ch. 0+00 to Ch. 70+200, spanning from NH-49 near Dheka Village to Bhaisma Village. This highway development is part of the Bharatmala Pariyojana under Lot-3/Chhattisgarh/Pkg-I of the Raipur-Dhanbad Economic Corridor in Chhattisgarh state.

Strategic Significance

This highway project forms a crucial component of the Bharatmala Pariyojana, India's flagship highway development program aimed at optimizing freight and passenger movement across the country. The Raipur-Dhanbad Economic Corridor, under which this project falls, is designed to enhance connectivity and economic development in the region.

The project is being executed on Hybrid Annuity Mode, a public-private partnership model that combines features of both Engineering, Procurement and Construction (EPC) and Build-Operate-Transfer (BOT) models. Under this arrangement, the government provides 40% of the project cost during construction, while the remaining 60% is paid as annuity over the operational period.

Regulatory Compliance

The announcement was made in accordance with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this development, ensuring transparency and compliance with regulatory requirements for listed entities.

With the completion of 69.015 km out of the total 70.200 km length, the project stands at approximately 98.31% completion, marking substantial progress toward full operational status of this important highway infrastructure.

GR Infraprojects Limited has announced the resignation of a senior management personnel, marking a significant leadership transition within the infrastructure development company.

Executive Departure Details

Mr. Sibanarayan Nayak, President-Corporate Affairs and Development, has resigned from his position effective December 31, 2025. The resignation was formally submitted via email on November 2, 2025, and has been accepted by the company's management.

Reasons for Resignation

According to the official communication, Mr. Nayak cited personal reasons for his departure. In his resignation email, he stated his intention to "move toward a more relaxed work life, along with pursuing certain social and developmental engagements close to my heart." The company has confirmed that there are no material reasons behind the resignation.

Current Responsibilities and Transition

Mr. Nayak was handling critical operational areas within the organization:

• Tower Manufacturing Plant operations
• BOP (Balance of Plant) initiatives

To ensure business continuity, he has requested that a suitable replacement be assigned to work alongside him during the remaining period for proper handover of responsibilities. This approach aims to maintain seamless operations during the leadership transition.

Company's Response

GR Infraprojects has formally acknowledged Mr. Nayak's contributions to the organization. The company stated: "The Company places on record its sincere appreciation for the valuable contributions and dedicated service rendered by Mr. Nayak during his tenure as President-Corporate Affairs and Development."

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about this senior management change, ensuring full transparency with stakeholders and regulatory authorities.