Road engineering, procurement and construction company, GR Infraprojects opens its initial public offering (IPO) for subscription on Wednesday. It is Rs 963 crore issue with a price band of Rs 828-837. Vinod Kumar Agarwal, Chairman, GR Infraprojects, discussed this further.

The company’s current orderbook is about Rs 19,000 crore.

He expects National Highways Authority of India (NHAI) and Ministry of Road Transport and Highways (MoRTH) to float projects worth Rs 3 lakh crore in current year. Through which, the company is expecting to win another Rs 15,000 crore order.

Considering this, in coming years GR Infraprojects expects to see growth of about 15-20 percent over the next few years.

Currently the company is working on a total of 14 hybrid annuity model (HAM) projects which are valued at around Rs 31,000 crore.

Government payments are regular and their receivables are not significant, standing at Rs 800 crore.

For the full interview, watch the accompanying video.

(Edited by : Dipika Ghosh)

First Published:Jul 7, 2021 10:20 AM IST