GPT Infraprojects Bags ₹483.72 Crore Railway Bridge Project; Shares Gain 4.2% 

Mumbai September, 18: GPT Infraprojects Limited has received a ₹483.72 crore contract from the Chief Project Manager, Rail Vikas Nigam Limited, Bhubaneswar, for construction of an important railway bridge on the East Coast Railway network.  According to the company’s regulatory disclosure, the order covers construction of an important bridge over the Mahanadi river in connection with the third and fourth railway line between Nergundi and Banki in the Khurda Road Division of East Coast Railway.  The contract is valued at ₹483.72 crore, including GST, while the value excluding GST is ₹409.94 crore. The project is scheduled to be executed over 1,095 days from the appointed date. 

Stock Market Snapshot 

The GPT Infraprojects share price was trading around ₹117.80 during the session, based on the market snapshot provided, representing a gain of about 4.2% against the reference level near ₹113.  The stock moved through different levels during the session before settling around ₹117.80 in the latest available portion of the chart. Trading activity also picked up at several points, including a notable volume spike later in the session.  The market movement came as investors assessed the railway order alongside the broader trading activity in the stock. 

Order Adds To GPT Infraprojects’ Railway Portfolio 

The latest contract expands GPT Infraprojects’ order book in railway infrastructure, an area in which the company undertakes construction and related infrastructure projects.  The disclosed scope is specifically linked to railway bridge construction and forms part of the infrastructure work associated with the expansion of railway lines in the East Coast Railway network.  The company said its manufacturing units and project execution capabilities support its infrastructure business. Its operations include railway infrastructure, concrete sleepers and other related activities. 

Conclusion 

GPT Infraprojects has secured a ₹483.72 crore railway bridge contract from Rail Vikas Nigam Limited for work connected with the Nergundi-Banki section of the East Coast Railway.  The project has a contractual execution period of 1,095 days from the appointed date, with the order valued at ₹409.94 crore excluding GST. On the equity market, GPT Infraprojects shares were around ₹117.80 in the latest available snapshot, up about 4.2% from the reference level shown on the chart.  

Source:

•  https://www.bseindia.com/stock-share-price/gpt-infraprojects-ltd/gptinfra/533761