ur Company was incorporated as ‘G. R. Agarwal Builders and Developers Limited’ on December 22, 1995, under the Companies Act, 1956 as a public limited company. The certificate of commencement of business was issued by the Registrars of Companies (RoC), Rajasthan, on January 3, 1996. Moreover, our Company subsequently acquired the founding father’s business, a partnership firm M/s Gumani Ram Agarwal, in the same year.
The name of our Company was changed to ‘G R Infraprojects Limited’ vide a resolution passed by our Shareholders on August 24, 2007, as our management believed that the activities being undertaken by our Company were reflected in broader terms from the new name. A fresh certificate of incorporation pursuant to change of name was issued by the RoC Rajasthan on August 31, 2007.
Today G R Infraprojects Limited (NSE: grinfra) is a listed company.
GRIL began its journey with a vision to excel in the infrastructure sector.
Looking to build roads to connect their village, GR Agarwal laid the foundation for G R Infraprojects in Rajasthan in the start of 1965 with a small infrastructure development venture. Today, the Company has established a storied history of engineering excellence across segments like road EPC projects, HAM projects, BOT projects, Highways, Bridges, Culverts, Flyovers, Airport Runways, Railways, Metros, Tunnel & Power Transmission with annual revenue of INR 7371.94 crores (FY20-21).
Major events and milestones of our Company
Our pursuit of building roads for growth has taken us on an exciting journey marked with several milestones and accomplishments. Here’s a quick look at them.
| Calendar year | Key Events, Milestones and Achievements |
|---|---|
| 1996 | Received certificate for commencement of business |
| Take-over of business of the then existing partnership firm M/s Gumani Ram Agarwal | |
| 2001 | Forayed into the field of development of infrastructure projects with our first BOT Project |
| 2006 | Established a centralized workshop with fabrication facilities at NH 8, Balicha Bypass, Udaipur, for reducing equipment downtime |
| 2007 | Change of name of our Company to G R Infraprojects Limited as the activities being undertaken by our Company were reflected in broader terms from the new name |
| 2009 | Commenced operations at the bitumen emulsion/PMB manufacturing unit at Kaladwas in Rajasthan, having annual installed capacity of 30,000 MT |
| 2011 | Investment by India Business Excellence Fund I, India Business Excellence Fund and IDFC Investment Advisors Limited in the form of subscription to Equity Shares |
| 2013 | Completed construction of the Shillong Bypass Project, awarded in 2011, 10 months prior to the contractual Commercial Operations Date (COD) |
| 2014 | Commenced operations at our Company’s second bitumen emulsion manufacturing unit at Amingaon, Assam, having annual installed capacity of 30,000 MT |
| 2015 | Commenced operations at our fabrication and galvanisation unit for metal crash barriers at Ahmedabad, Gujarat having installed capacity of 24,000 MT |
| 2016 | Completed our first BOT project on Hybrid Annuity Mode awarded by NHAI with a Bid Project Cost of ₹ 13,670.00 million, 38 days ahead of contractual Commercial Operations Date (COD) |
| 2018 | Awarded our Company’s first railway project |
| Completed 393 Km Nagaurpur-Mukundgarh, a state HAM project, awarded in 2017, 13 months ahead of scheduled Commercial Operations date (COD) | |
| 2019 | Commenced operations at our Company’s third bitumen emulsion manufacturing unit at Sandila, Uttar Pradesh |
| 2020 | Addition of OHE Mast manufacturing unit at Ahmedabad, Gujarat |
| 2021 | Listed on the stock exchange |
| Awarded two metro projects (Bangalore & Noida Metro) | |
| Established Power Transmission and Distribution division | |
| 2022 | Awarded first TBCB Transmission Project in Rajgarh, Bhopal, M.P. |
| Established Tunnel, Power and Ropeway Divisions | |
| Filed DOD for Bharat Highways InvIT | |
| 2023 | GRIL awarded with Hydro & Tunnel Projects Value $ 500 Mn. |
| Awarded Multi Modal Logistics Park Project Value $ 10 Mn. | |
| Emerged as L-1 Bidder for world’s largest Ropeway Project with NHML. Value $ 435 Mn. |