G R Infraprojects Ltd was declared L1 in a metro project on 4th April 2020 namely “Construction of Elevated via duct from end of the Ramp at IDPL complex to start of Ramp at Rajiv chowk and three nos of elevated stations of Delhi – SNB RRTS corridor (project cost: Rs 592.2 crore)". However, National Capital Region Transport Corporation (NCRTC) has annulled the project due to administrative reasons.
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Considering its comfortable order book position of Rs 15,630 crore (excluding the mentioned metro project; as on September 2022’end), the cancellation of the project is unlikely to have major impact on its overall order book position. However, the company’s diversification plan towards metro segment has got impacted with the order cancellation.
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