Government of Assam enters into MoU with G R Infraprojects Ltd for ropeway project

The Government of Assam has initiated the development of a ropeway project and has entered into a Memorandum of Understanding (MoU) with G R Infraprojects Limited on 26th February 2025 for the establishment of the "Development of a Ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya" in Guwahati, Assam ("Project").

According to this MoU, the Government of Assam will facilitate G R Infraprojects Limited in the development of the ropeway by assisting in obtaining all necessary permissions, registrations, approvals, and clearances from the concerned departments, agencies, and authorities of the state, in accordance with the existing policies, rules, and regulations. The MoU shall remain valid for a maximum period of 12 months from the date of signing, unless extended by the Government of Assam. The proposed investment in the project is ₹270 Crores.

Shares of G R Infraprojects Ltd was last trading in BSE at Rs. 1010.05 as compared to the previous close of Rs. 1020.05. The total number of shares traded during the day was 1049 in over 319 trades.

The stock hit an intraday high of Rs. 1044.95 and intraday low of 1002.00. The net turnover during the day was Rs. 1063106.00.

Source : Equity Bulls

Keywords

GRInfraprojects INE201P01022 RopewayProject MoU GovernmentofAssam