GR Galgalia Bahadurganj Highway Pvt Ltd, SPV of G R Infraprojects Ltd regrets the unfortunate pillar sinking incident in Kishanganj, Bihar

GR Galgalia Bahadurganj Highway Private Limited, a SPV of G R Infraprojects Limited, regrets the recent incident of under‐construction pillar sinking that occurred on 23rd June 2023 at one of our project locations in Kishanganj over Mechi river.

At G R Infraprojects, Quality delivery has always been the top priority. Our organisation structure, processes, technology, and governance enable us to deliver our projects with adherence to highest standards of construction. Further, we conduct regular internal reviews of our design, execution methodology and project monitoring systems to ensure best‐in‐class project delivery.

We are conducting a thorough investigation to determine the reason of caving in of the pillar. Our technical team is on‐site to determine the cause of the incident and take necessary remedial actions to mitigate any associated risks. We are also fully cooperating with the client with investigations that are being carried out.

G R Infraprojects Limited remains steadfast in commitment to our clients and stakeholders by consistently driving higher business performance.

Shares of G R Infraprojects Ltd was last trading in BSE at Rs. 1256.90 as compared to the previous close of Rs. 1262.80. The total number of shares traded during the day was 614 in over 123 trades.

The stock hit an intraday high of Rs. 1275.00 and intraday low of 1248.70. The net turnover during the day was Rs. 777726.00.

Source : Equity Bulls

Keywords

GRInfraprojects INE201P01022 SPV Pillar Sinking Kishanganj MechiRiver