Infra stock jumps 3% after securing an order worth over ₹487 Cr from NTPC

SYNOPSIS: GR Infraprojects emerged as the L-1 bidder for a Rs. 487.77-crore NTPC EPC contract to implement battery energy storage systems at Mouda Thermal Power Station, with execution targeted over 15 months.

During Monday’s trading session, shares of an integrated road engineering, procurement, and construction (EPC) company surged over 3 percent on BSE, after the company announced securing an order worth over Rs. 487 crores from NTPC Limited.

At 10:36 a.m., shares of G R Infraprojects Limited were trading at Rs. 925 on BSE, compared to its previous closing price of Rs. 925.4, with a market cap of Rs. 8,950.3 crores. The stock has delivered negative returns of around 31 percent in one year, and has fallen by over 8 percent in the last one month.

What’s the News

As per its latest regulatory filing, G R Infraprojects Limited has emerged as the lowest bidder (L-1) in the financial bid opening dated 16th January 2026 for a project awarded by NTPC Limited.

The contract involves an Engineering, Procurement and Construction (EPC) package valued at approximately Rs. 487.77 crore for Battery Energy Storage System (BESS) implementation at NTPC’s Mouda Super Thermal Power Station under Lot-1. The project is scheduled to be completed within 15 months.

Previously, on 8th January 2026, G R Infra disclosed that the four-laning project of the Bilaspur-Urga stretch of NH-130A in Chhattisgarh, being executed under the Bharatmala Pariyojana on a Hybrid Annuity Model (HAM), has achieved provisional completion.

The Independent Engineer issued Provisional Completion Certificate-II for an additional 13.895 km, taking the completed stretch to 69.015 km out of the total 70.200 km. The project has been provisionally certified fit for commercial operations with effect from 30th June 2025.

Financials & More

G R Infra reported a significant growth in revenue from operations, experiencing a year-on-year increase of around 15 percent, from Rs. 1,394 crores in Q2 FY25 to Rs. 1,602 crores in Q2 FY26. In contrast, its net profit decreased during the same period from Rs. 194 crores to Rs. 190 crores, representing a marginal decline of nearly 2 percent YoY.

As of 30th September 2025, the company reported a robust order book of around Rs. 21,115 crores. The project mix is dominated by road projects, which account for about 65 percent of the total order book, reflecting the company’s strong focus on highway and road infrastructure. 

It is followed by transmission projects at around 13 percent, and railway & metro, and telecom/OFC projects contributing about 5 percent each. Smaller portions of the order book come from MMLP and other infrastructure segments, indicating a diversified yet road-centric project portfolio.

G R Infraprojects Limited is engaged in the construction of infrastructure facilities on an Engineering, Procurement and Construction (EPC) and Built, Operate and Transfer (BOT) basis. Its operations are spread across various states, primarily in India. 

The company also undertakes road infrastructure development projects through Special Purpose Vehicles (SPVs) as per the concession agreements. G R Infra has a Metal Crash Barrier Plant at Bavla, Gujarat and Emulsion Manufacturing Plants in Udaipur (Rajasthan), Lucknow (Uttar Pradesh) and Guwahati (Assam).

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