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An update from GPT Infraprojects Limited ( (IN:GPTINFRA) ) is now available.
GPT Infraprojects Limited has been declared the L1 (first lowest) bidder, in joint venture with Rail Vikas Nigam Limited (RVNL), for a Rs 1,201.4 crore contract from Northern Railway’s Chief Administrative Officer (Construction) to design and construct a new rail-cum-road bridge over the Ganga near Kashi railway station in Varanasi, including both substructure and superstructure, rail and road approaches, and associated electrification and general electrical works. The bid, placed under the RVNL–GPT joint venture, allots GPT a 40% share amounting to Rs 480.6 crore, marking a significant addition to its order book and underscoring its positioning as a key player in high-value rail and bridge infrastructure projects, which could strengthen its revenue visibility and partnerships in India’s transport sector.
More about GPT Infraprojects Limited
GPT Infraprojects Limited is an Indian infrastructure company engaged in engineering, procurement and construction (EPC) projects, with a strong presence in rail infrastructure and bridge construction. Listed on Indian stock exchanges, the company focuses on large, complex transport infrastructure works for government and public sector clients across the country.
Average Trading Volume: 33,142
Technical Sentiment Signal: Hold
Current Market Cap: 12.91B INR
For detailed information about GPTINFRA stock, go to TipRanks’ Stock Analysis page.