GPT Infraprojects Surges 3% on Rs 870 Crore Rail, Road Orders
Shares of GPT Infraprojects Ltd. surged 3% to touch a day’s high of Rs 115.50 on 24th December. This increase followed the company’s announcement of receiving a Rs 199.2 crore construction contract from North Eastern Railway, according to an exchange filing dated 23rd December. The order involves the construction of... The post GPT Infraprojects Surges 3% on Rs 870 Crore Rail, Road Orders appeared first on Equitypandit.
Shares of GPT Infraprojects Ltd. surged 3% to touch a day’s high of Rs 115.50 on 24th December. This increase followed the company’s announcement of receiving a Rs 199.2 crore construction contract from North Eastern Railway, according to an exchange filing dated 23rd December.
The order involves the construction of substructures and the fabrication and launching of superstructures for two major railway bridges over the River Rapti. Each bridge will have 10 spans of 61 metres. Moreover, the bridges are designed to carry double-line railway traffic in accordance with RDSO 25-tonne axle-load standards.
The project is part of the new railway line between Khalilabad and Bahraich in Uttar Pradesh. It will be executed over 730 days from the appointed date. The company said a domestic entity has awarded the contract. Importantly, it does not involve any related-party transaction.
GPT Infraprojects is a railway-focused infrastructure company with expertise in bridges, road overbridges, and concrete sleepers. Following this contract win, the company’s total order book stands at around Rs 4,655 crore. Additionally, order inflows of Rs 1,759 crore have been recorded in FY26 so far.
Separately, a day earlier, GPT Infraprojects said it had emerged as the lowest bidder (L1) for a Rs 670-crore road project awarded by the National Highways Authority of India (NHAI). This significantly adds to its highways order book.
The road project has been secured through a consortium of GPT Infraprojects and ISCPPL. The bid was submitted under the name GPT–ISCPPL (Consortium). The construction involves a four-lane elevated corridor in Jodhpur, Rajasthan, running from Mahamandir to Akhaliya Chouraha.
At 12:44 PM, shares of GPT Infraprojects were trading 1.56% higher at Rs 112.74 on NSE.
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The post GPT Infraprojects Surges 3% on Rs 870 Crore Rail, Road Orders appeared first on Equitypandit.
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