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GPT Infraprojects’ ₹484 crore railway order puts stock in focus
GPT Infraprojects has won a large railway construction contract worth ₹483.72 crore.
The project is to build a steel bridge over the Mahanadi River.
It is part of adding railway lines between Nergundi and Barang.
The work is expected to take 1,095 days after it begins.
The company has also won two other railway-related orders recently.
These new contracts could give the company more work and future income.
Its stock has risen a lot over the past six years.
However, the share price has recently been moving up and down and fell from about ₹204 to around ₹113.
GPT Infraprojects received a ₹483.72 crore railway order from Rail Vikas Nigam Limited in Bhubaneswar.
The contract covers construction of a 32x65.84-metre steel girder bridge over the Mahanadi River.
The project involves railway lines between Nergundi and Barang in East Coast Railway’s Khurda Road Division.
The order is scheduled for completion within 1,095 days from commencement.
The stock has gained 1,565% in six years and 149% in three years, despite recent volatility and correction.
- Who
- GPT Infraprojects and Rail Vikas Nigam Limited are involved in the main order.
- What
- GPT Infraprojects won a ₹483.72 crore contract to construct Important Bridge 544 and related railway infrastructure.
- Where
- The bridge will cross the Mahanadi River in the Nergundi-Barang section of the Khurda Road Division of East Coast Railway.
- When
- The order was disclosed in a post-market filing on Thursday, ahead of Friday’s trading session; completion is scheduled within 1,095 days of commencement.
- Why
- The project is part of constructing the third and fourth railway lines in the section, increasing GPT Infraprojects’ railway order book and revenue visibility.
Key facts
- Main order value
- ₹483.72 crore
- Project
- Construction of Important Bridge 544, a 32x65.84-metre open-web steel girder bridge
- Client
- Chief Project Manager, Rail Vikas Nigam Limited, Bhubaneswar
- Execution period
- 1,095 days from the date of commencement
- Additional recent order
- ₹85.53 crore Eastern Railway signalling contract
- Another recent order
- ₹114.82 crore North East Frontier Railway order announced on September 9
- Stock performance
- Up 1,565% over six years and 149% over three years
Sources
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