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GR Infraprojects has emerged as the lowest bidder for a National Highways Authority of India (NHAI) project in Bihar, quoting around INR 2,440 crore. The project will be developed under the hybrid annuity model and involves construction of a key highway stretch aimed at improving connectivity and reducing travel time. The company has received the letter of acceptance, marking a step forward in order inflow. The development reflects continued momentum in road project awards and highlights Bihar's growing focus on highway infrastructure expansion.
GR Infraprojects has emerged as the lowest (L1) bidder for a highway project awarded by the National Highways Authority of India (NHAI) in Bihar, with a bid value of around INR 2,440 crore. The company has also received a letter of acceptance for the project, confirming its selection, subject to completion of formalities. Advertisement
The project will be executed under the hybrid annuity model (HAM), which is widely used in national highway projects. Under this structure, NHAI funds a portion of the project cost during construction, while the remaining investment is made by the developer. This model ensures financial stability for developers and supports faster execution.
The scope of the project includes construction of a highway stretch in Bihar, which is expected to improve regional road connectivity and ease traffic movement. The project is also likely to support smoother logistics flow, which is important for both passenger travel and movement of goods across the state.
GR Infraprojects has continued to strengthen its presence in the roads and highways segment by securing such projects. The company has been actively participating in NHAI tenders and has built a strong execution track record across multiple states. Its consistent order inflow in recent years has supported growth in its infrastructure portfolio.
The company stated that it had been declared the L1 bidder after the financial bids were opened. It further indicated that the project award would be subject to signing of the agreement and other standard approvals as per NHAI procedures.
NHAI has been focusing on awarding projects under HAM to ensure balanced risk sharing and timely completion. Bihar has seen increased activity in highway development, with several projects being taken up to improve connectivity within the state and with neighbouring regions. This project adds to that pipeline and reflects continued investment in road infrastructure.
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