GPT Infra bags order worth at Rs118 crore; stock zooms over 7%

24 Mar 2022 , 12:05 PM

GPT Infraprojects Limited, the flagship company of GPT Group, has bagged an order worth Rs118 crore. The stock is currently trading at Rs80.20 up by Rs5.25 or 7% from its previous closing of Rs74.95 on the BSE. The scrip opened at Rs80.50 and has touched a high and low of Rs86.35 and Rs78.80 respectively.

This contract is a joint venture, of which GPT’s share is 51 per cent. The company has received a contract from the Office of the General Manager- Construction, Northeast Frontier Railway, Maligaon, Guwahati.

In the regulatory filing, the company said further “Construction of 12 (Twelve) Nos. of Road Over Bridge (Sub Structure & Super Structure) by composite Girder on pile foundation and other ancillary works in connection with Kumarghat-Agartala new BG Line project.”