GPT Infraprojects rises after board OKs 1:1 bonus issue

27 Sep 2022 , 01:07 PM

The record date for the bonus issue will be fixed by the board in due course. The said bonus shares would be credited within 2 months from the date of board approval i.e. by 26 November 2022. GPT Infraprojects is the flagship company of GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisions ? infrastructure and sleepers. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In sleepers, the company manufactures and supplies concrete sleeper for Railways in India and Africa. The companys consolidated net profit rose 74.61% to Rs 7.91 crore on a 54.62% increase in sales to Rs 187.91 crore in Q1 FY23 over Q1 FY22.Powered by Capital Market – Live News