Mrs. Bectors Set to Raise a Massive ₹400 Cr Through Exclusive QIP
GPT Infra Hits Jackpot with Massive RVNL Contract worth ₹547 Cr.
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Last Updated: 5th June 2024 - 12:20 pm
Kolkata-based infrastructure giant GPT Infraprojects just scored a whopping ₹547 crore order from Rail Vikas Nigam Limited (RVNL). Investors rallied behind the news, sending GPT Infra's shares climbing to 6.95%% in early trading at 11:22 am on June 5th.
The contract is for constructing a 7-kilometre elevated 6-lane expressway corridor in West Bengal. GPT will handle the engineering, procurement, and construction (EPC) of the viaduct portions, road overbridges, entry/exit ramps, and even an office building for NHAI.
With this lucrative new deal, GPT Infra's outstanding order book now stands at a staggering ₹3,646 crore as of FY25.
So, what exactly is in scope for GPT on this marquee RVNL project? Here are the key components:
- Construction of 7 km elevated 6-lane Kona Expressway viaduct
- Building road overbridges along the expressway corridor
- Constructing entry and exit ramps for the elevated highway
- Erecting a new NHAI office building
- Electrical works, including lighting and electrification
- Other miscellaneous construction works
A Railway Infrastructure Powerhouse
GPT Infraprojects is a renowned railway infrastructure specialist with bridges, roads and government contracts expertise. The company builds large bridges, road overbridges (ROBs), railway tracks and even manufactures concrete sleepers.
Over just the past year, GPT Infra's shares have skyrocketed an incredible 300%, quadrupling wealth for its investors. In contrast, the benchmark Nifty 50 index gained a modest 17% during the same period.
The GPT Group Heritage
GPT Infraprojects is the flagship company of the GPT Group based in Kolkata, India. With over 40 years of experience, GPT has two main lines of business:
- Civil infrastructure construction for railways, roads, power and industrial sectors
- Manufacturing concrete sleepers for railways
GPT's concrete sleeper operations span four nations: India, South Africa, Namibia, and Ghana. The company services top government organizations, solidifying its reputation as a preeminent national infrastructure builder.
GPT's Specialized Infrastructure Capabilities
- Bridge fabrication, erection and maintenance
- Railway track construction
- Steel bridge building
- Sleeper manufacture and installation
- Roads, bridges and highway construction
- Metro railway infrastructure
With its recently awarded RVNL mega-contract and robust order book, GPT Infraprojects looks balanced for continued growth and success. This railway infrastructure titan has decades of specialized expertise across bridges, roads and sleeper manufacturing to pull it through. Investors have good reason to rejoice over GPT's latest windfall.
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