New Delhi, March 19 -- Shares of G R Infraprojects surged 11% in early trade on Wednesday, March 19, reaching Rs.1,042 after the company secured a large order from NHAI to build and upgrade the Agra-Gwalior highway.

In its filing to the exchanges on Tuesday, the company announced that it had received a Letter of Acceptance (LoA) from the National Highways Authority of India (Ministry of Road Transport & Highways) for the construction of the Agra-Gwalior Greenfield Road, valued at Rs.4,262.78 crore.

The project involves the development of a six-lane access-controlled Agra-Gwalior Greenfield highway, starting from design km 0+000 near Deori village in Agra district to design km 88+400 near Susera village in Gwalior district, covering part...