GPT Infraprojects Limited shares surged more than 7% in trade after the company announced a fresh contract worth ₹53.6 crore from South Eastern Railway, boosting investor confidence and strengthening its order book visibility.
The order has been awarded by the Principal Chief Materials Manager (PCMM), South Eastern Railway, and involves the manufacture and supply of 1,42,400 concrete sleepers. These sleepers will be produced at GPT Infraprojects’ Panagarh facility in West Bengal and supplied to the Ranchi and Kharagpur railway divisions. The contract supports ongoing railway infrastructure expansion and capacity enhancement across key routes.
The project comes with an execution timeline of 24 months, providing steady revenue visibility over the medium term. The company clarified that the contract is entirely domestic in nature and has been secured on an arm’s-length basis. GPT Infraprojects also confirmed that neither the promoter group nor any related entities have any interest in the awarding authority, and the order does not qualify as a related-party transaction.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
