GR Infraprojects, a key player in the civil construction sector and a constituent of the BSE 500 index.
Has announced its first-ever interim dividend of Rs 12.50 per share for the financial year 2024-25.
The company has set March 13, 2025, as the record date for this dividend payout.
GR Infraprojects Interim Dividend Details
| Aspect | Details |
|---|---|
| Company | GR Infraprojects (BSE 500) |
| Dividend Amount | ₹12.50 per share |
| Record Date | March 13, 2025 |
| Payment Timeline | As per legal guidelines |
| Current Share Price | ₹1035 (as of March 8, 2025) |
| Stock Performance | -18% in 1 year, flat in 2 years |
| Business Focus | Roads, highways, metro projects, and infrastructure |
| Interim Dividend Meaning | A portion of profits distributed before the final dividend |
GR Infraprojects Interim Dividend Announcement
According to a recent exchange filing, GR Infraprojects’ board has declared an interim dividend of 250% on each stock with a face value of Rs 5. This translates into an interim dividend of Rs 12.50 per equity share.
In its official statement, the company said:
Declared the Interim Dividend of Rs 12.50 per equity share of face value of Rs 5 per equity share for the Financial Year 2024-25.”
Record Date for GR Infraprojects Interim Dividend
The record date for the interim dividend is crucial for shareholders as it determines eligibility for receiving the payout. As per the company’s filing:
The record date for the purpose of payment of dividend shall be Thursday, 13th March 2025.”
This means that investors holding GR Infraprojects shares by the end of March 13, 2025, will be eligible to receive the dividend. The company has also assured that the dividend will be paid within the legally prescribed timeframe.
About GR Infraprojects
GR Infraprojects is a leading civil construction company specializing in design and construction of roads, highways, bridges, airport runways, metro projects, and power transmission infrastructure. With a market capitalization of Rs 10,009.24 crore, the company has played a significant role in India’s infrastructure development.
GR Infraprojects Share Performance
- Current Share Price: Rs 1035 per share (as of March 8, 2025)
- 1-Year Performance: -18% (negative return in the last one year)
- 2-Year Performance: Flat returns over two years
What is an Interim Dividend?
An interim dividend is a corporate action where a company distributes a portion of its profits to shareholders before the final dividend declaration. This dividend payment is usually made from the company’s earnings during the ongoing financial year.
Conclusion
GR Infraprojects decision to declare an interim dividend of Rs 12.50 per share reflects its commitment to rewarding shareholders. With a record date set for March 13, 2025, investors should ensure they hold the stock before this date to receive the dividend.
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(Disclaimer: The information provided in this article is for educational and informational purposes only and should not be considered as financial or investment advice. Stock market investments are subject to risks, and past performance does not guarantee future results. Please conduct your own research or consult a qualified financial advisor before making any investment decisions. The author and the website are not responsible for any financial losses that may occur based on the information provided.)
