Shares of GPT Infraprojects Ltd shot up greater than 13% on Thursday, 20 March, after it emerged because the lowest bidder (L1) for a major railway infrastructure undertaking. To finish the project, the engineering, procurement, and building (EPC) mode shall be employed.
CAO Building, South Japanese Railway, Kolkata, has awarded a contract value Rs 481.11 crore for the development of a major bridge over the Rupnarayan River.
The undertaking consists of an elevated platform, viaducts, and down and middle-line bridges at West Bengal’s Kolaghat station, which is located on the Howrah-Kharagpur route, in keeping with an trade submitting made by GPT Infraprojects Ltd.
The monetary efficiency of GPT Infraprojects was glorious, as evidenced by the expansion in income from operations from Rs 253.75 crore in Q3FY24 to Rs 278.07 crore in Q3FY25.
The web revenue of the corporate elevated considerably from Rs 14.91 crore in December 2023 to Rs 21.41 crore. Moreover, EBITDA elevated 17.99%, from Rs 30.24 crore to Rs 35.68 crore, over the identical time final yr.
Kolkata-based GPT Infraprojects operates in two enterprise segments: the sleeper division and the infrastructure division. Huge bridges and street overbridges for highways and railroads are among the many civil and infrastructural tasks the corporate focuses on finishing beneath authorities contracts.
Within the sleeper phase, the corporate manufactures and provides concrete sleepers for railroad networks in India and Africa. Panagarh, West Bengal; Ladysmith, South Africa; Tsumeb, Namibia; and Eshiem, Ghana, are the areas of its manufacturing crops.
At 3:30 pm, the shares of GPT Infraprojects closed 6.04% increased at Rs 101.23 on NSE.
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