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GR Infra has placed the lowest bid of Rs 867.54 crore for BSNL's Bharat Net Phase 3 project. The company has said that GR Infraprojects Limited has emerged as the L1 (lowest) bidder for Bharat Net Phase-3 (Middle Mile) Project, Package-16 in Kerala. The company's stock closed at Rs 1,597.25 on Monday with a decline of 2.00 percent. In the last one year, the company's stock has seen an increase of 38.64 percent.
Full details of the project
This project, tendered by Bharat Sanchar Nigam Limited (BSNL) on behalf of the Department of Telecommunications (DoT), includes design, supply, construction, installation, upgradation and operation and maintenance (O&M) of the middle mile network. This contract of Rs 867.54 crore (including GST) is under the Design-Build-Operate-Transfer (DBOT) mode.
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