GMR Infrastructure, the infrastructure holding company of GMR group, witnessed a rise in share price on Wednesday after it emerged as lowest bidder in international competitive bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track railway line from Mughalsarai to new Bhaupur on EPC basis.

The Eastern Dedicated Freight Corridor extends from Ludhiana to Dankuni near Kolkata. Dedicated Freight Corridor Corporation of India (DFCCIL) received five bids for the project wherein the GIL led consortium has quoted a price of Rs 50.80 billion.

Shares of the company are trading at Rs 20.35, up Rs 0.2, or 0.99% at the Bombay Stock Exchange (BSE) on Wednesday at 10:40 a.m.The scrip has touched an intra-day high of Rs 20.85 and low of Rs 20.30. The total volume of shares traded at the BSE is 574,142.