GPT Infraprojects zooms on bagging two work orders amounting Rs 46.52 crore

09 Jan 2012

GPT Infraprojects is currently trading at Rs. 119.70, up by 7.20 points or 6.40% from its previous closing of Rs. 112.50 on the BSE.

The scrip opened at Rs. 120.0 and has touched a high and low of Rs. 120.00 and Rs. 119.70 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.00 on 3-Jan-2012 and a 52 week low of Rs. 98.70 on 5-Dec-2011.

Last one week high and low of the scrip stood at Rs. 159.00 and Rs. 112.00 respectively. The current market cap of the company is Rs. 174 crore.

The promoters holding in the company stood at 74.77% while Non-Institutions held 25.23%.

GPT Infraprojects’ infrastructure division has bagged two work orders valued at Rs 46.52 crore. The first work order is for construction of RUB of span (1x18.3 m) resting on pile foundation of 1.2m diameter with composite girder as superstructure and construction of one RUB span (1x76.2) resting, on pile foundation of 1.5m diameter with open web through girder as superstructure along with other ancillary works in connection with construction of new line in between Dhubulia and Charatala.

The company has bagged this order from Eastern Railways and is worth Rs 15.08 crore with a completion period of around 15 months.

The company has received second work order for civil works for 400/220KV extension yard and 400KV AC yard including filter areas associated with (+/-) 800KV NE-Agra HVDC project at Agra in Uttar Pradesh. The company has bagged this order from Bharat Heavy Electricals (BHEL) and is worth Rs 31.44 crore with a completion period of around 28 months.

GPT Infraprojects, the flagship company of the GPT Group was renamed to reflect the core areas of operation of the Company in the execution of civil and infrastructure projects, after the merger of Tantia Concrete Products and GPT Infrastructures. GPT Infraprojects operates primarily from two divisions - the Sleeper Division and the Infrastructure Division.

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