GPT Infraprojects soars on bagging order worth Rs 58 crore

13 Aug 2018

GPT Infraprojects is currently trading at Rs. 145.00, up by 2.95 points or 2.08% from its previous closing of Rs. 142.05 on the BSE.

The scrip opened at Rs. 145.00 and has touched a high and low of Rs. 145.00 and Rs. 145.00 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 247.25 on 16-Jan-2018 and a 52 week low of Rs. 119.05 on 27-Jun-2018.

Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 142.00 respectively. The current market cap of the company is Rs. 421.75 crore.

The promoters holding in the company stood at 74.77%, while Institutions and Non-Institutions held 4.98% and 20.25% respectively.

GPT Infraprojects (GPT) has bagged an order valued at Rs 58 crore from office of the General Manager Northeast Frontier Railway, Maligoan in Guwahati. The contract is for construction of road over bridge including approach viaduct at two locations in connection with Digaru-Hojai Patch doubling work of Northeast Frontier Railway.

The total contract price is Rs 113.85 crore, with the company's share being Rs 58 crore. This contract is in Joint Venture of which GPT’s share is 51%.

GPT Infraprojects, the flagship company of GPT Group, is a premier infrastructure company based out of Kolkata. GPT, incorporated in 1980, operates through two business divisions - Infrastructure and Sleepers.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323