In early trading on March 7, the share price of GPT Infraprojects surged by 6% following the announcement of a significant contract win. The company’s joint venture secured an order worth Rs 135 crore from North Central Railway, Agra, Uttar Pradesh.
According to the company’s statement, the order entails earthwork in embankment and cutting, including various construction activities such as bridges, subways, drains, and track linking. This project falls under the DHO-SRMT GC work for North Central Railway, Agra, UP.
This recent contract comes after GPT Infraprojects received another substantial order worth Rs 114 crore from East Central Railway Mahendrughat, Patna, Bihar, in February.
As of 11:43 am, the company’s shares were trading 6% higher at Rs 183.10 on NSE. Notably, the stock reached its 52-week high of Rs 209.85 and its 52-week low of Rs 42.65 on March 4, 2024, and March 28, 2023, respectively.
GPT Infraprojects Limited, headquartered in Kolkata, India, serves as the Infrastructure arm of the GPT Group. With over four decades of experience, the company specializes in civil construction and infrastructure projects, along with the manufacturing of concrete sleepers. It holds expertise in executing EPC contracts across various sectors, including roads, bridges, railways, power, and industrial infrastructure. Additionally, GPT Infraprojects operates multiple manufacturing facilities domestically and internationally, including in South Africa, Namibia, Mozambique, and Ghana.
