GPT Infraprojects touches roof on bagging contract worth Rs 81.50 crore

26 Nov 2018

GPT Infraprojects is currently trading at its upper limit of Rs. 62.80, up by 2.95 points or 4.93% from its previous closing of Rs. 59.85 on the BSE.

The scrip opened at Rs. 62.80 and has touched a high and low of Rs. 62.80 and Rs. 60.00 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. 57.90 on 26-Oct-2018.

Last one week high and low of the scrip stood at Rs. 62.80 and Rs. 58.55 respectively. The current market cap of the company is Rs. 174.52 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 5.38% and 19.62% respectively.

GPT Infraprojects has bagged an order valued at Rs 159.81 crore and the company’s share being 51% i.e. Rs 81.50 crore. The contract is for construction of substructure of Bridge No. - 134 and Chum test of piles of Bridges No 148, 169A, 169B, 169C, 171, 172 & 174 including other ancillary works in connection with construction of New BG line from Jiribam to Imphal (Manipur) Project in NF Railway.

This Contract is in Joint Venture in the name GPT-Bhartia 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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