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The financial bids were opened on March 28, 2023, GR Infraprojects said in a BSE filing.
The bid includes construction of 4/6 Lane Bypass for Belagavi City in the state of Karnataka on Hybrid Annuity Mode (HAM) Package 1 with a project cost of Rs 897.37 crore
G R Infraprojects Limited has informed that the company has emerged as L-1 bidder in Financial Bid Opening dated 28th March 2023 for the two tenders invited by National Highways Authority of India in the state of Karnataka, via an exchange filing. The disclosure is in terms with the provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The project of Rs 587.59 crore is expected to be completed within two years from the date of letter of acceptance.