GPT Infraprojects shares jumped over 4% on Tuesday after the company announced that it has emerged as the L1 (lowest) bidder for a major highway infrastructure project awarded by the National Highways Authority of India (NHAI). The development was disclosed through a regulatory filing in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
According to the filing, GPT Infraprojects Limited has secured the project in consortium with ISCPPL, under the bid name GPT-ISCPPL. The total contract value of the project stands at ₹670 crore, marking a significant order win and strengthening the company’s order book in the roads and highways segment.
The project involves the construction of a four-lane elevated road in Jodhpur, Rajasthan. The elevated corridor will run from Mahamandir at chainage 0+000 to Akhaliya Chouraha at chainage 7+633. The work will be executed under the Hybrid Annuity Model (HAM), a widely adopted structure by NHAI that balances financial and execution risk between the authority and the concessionaire.
The order was declared on Monday, December 22, 2025, and is subject to customary approvals and procedures applicable to NHAI-awarded projects. Once completed, the elevated road is expected to ease traffic congestion, improve urban mobility, and enhance connectivity across key parts of Jodhpur, which is an important urban centre in Rajasthan.
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