GPT Infraprojects in jubilant mood on bagging orders worth Rs 125.30 crore

22 Feb 2012 Evaluate

GPT Infraprojects is currently trading at Rs. 129.90, up by 7.75 points or 6.34% from its previous closing of Rs. 122.15 on the BSE.

The scrip opened at Rs. 126.10 and has touched a high and low of Rs. 129.90 and Rs. 121.25 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.00 on 03-Jan-2012 and a 52 week low of Rs. 98.70 on 05-Dec-2011.

Last one week high and low of the scrip stood at Rs. 150.00 and Rs. 108.05 respectively. The current market cap of the company is Rs. 188 crore.

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

GPT Infraprojects has bagged two orders worth aggregating Rs 125.30 crore. The company has bagged first order worth Rs 110.88 crore from Rail Vikas Nigam for construction of four-lane cable stayed road over bridge over Barddhaman yard in lieu of existing two-lane ROB Bridge no 213 of Eastern Railway in the West Bengal State, India.

The completion period for the project is 24 months and the order has been received in the name of GPT-Ranhill (JV). Further, with the completion of this order, the company will become one of the few EPC companies having experience for construction of cable stayed bridges, similar to the Bandra-Worli sea link in Mumbai.

The company has bagged the second order worth Rs 14.42 crore for construction of superstructure of New Br. No. 172 (2 x 9 x 30.5m through welded steel girder) and other ancillary works in connection with construction of Br. No.172 at Kilometer 110.704 from Khana on up and down lines between Swadinpur and Nalhati in Rampurhat - Barharwa section of Howrah division of Eastern Railway. The company has received the order from Eastern Railway and the completion period for the project is around 15 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.

GPT Infraprojects Share Price

172.65 1.05 (0.61%)
23-Apr-2024 15:40 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3609.95
Rail Vikas Nigam 277.30
KEC International 730.45
Kalpataru Projects 1184.75
NCC 246.20
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