GMR Highways Commissions Hungund - Hospet Highway Project

GMR Infrastructure Ltd has commissioned the Hungund - Hospet Highway Project. Apart from providing faster connectivity, the highway also enhances safety and fuel efficiency of vehicles. Facilities developed as part of the project include vehicular underpass, passenger underpass, Bus shelters and truck lay-bys. Other user facilities include 24 Hour ambulance and emergency support services.

The Project highway is part of the NH-13 connecting Sholapur in Maharashtra and Mangalore in Karnataka and provides connectivity between mineral rich and highly industrialized districts of Karnataka and rest of India thus carrying heavy commercial traffic. It also links the local industry with Mangalore and Karwar ports for export. Thus the highway is expected to provide stimulus to the local steel, fertilizer and chemical industries.

This project will also boost the tourism to Hampi, Kishkindha, Bellary Fort, Badami etc. The corridor shall play a vital role in the economic development of the region.

The GMR Infrastructure Ltd stock was trading at Rs.19, up by Rs.0.40 or 2.15%. The stock hit an intraday high of Rs.19.10 and low of Rs.18.40.

The total traded quantity was 14.34 lakhs compared to 2 week average of 17.35 lakhs.

Source : Equity Bulls

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