GPT Infra surges 16% following the acquisition of a ₹487-crore order from Central Railway

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GPT Infra surges 16% following the acquisition of a ₹487-crore order from Central Railway

Team FS

24/Apr/2024

Key Points:

Major Contract Win: GPT Infrastructure's shares skyrocket 16% after securing a significant ₹487 crore order from Central Railway for construction work in the Solapur-Osmanabad section.
Series of Successes: The company's joint venture entity, in which GPT Infra holds a 26% stake, clinches the lucrative contract, adding to its recent wins in Agra and South Eastern Railway.
Financial Growth Trajectory: GPT Infraprojects' impressive performance, highlighted by a 27.74% increase in net sales and a substantial 66.02% rise in net profit in the December 2023 quarter, reinforces its position as a leading player in the infrastructure sector.

GPT Infrastructure rides a wave of success as its shares surge by a remarkable 16% following the announcement of a substantial ₹487 crore order from Central Railway. The Kolkata-based construction firm's joint venture entity, in which GPT Infra holds a 26% stake, emerges victorious in securing the contract for construction work in the Solapur-Osmanabad section of Central Railway.

Major Contract Win:
The announcement of the ₹487 crore order from Central Railway sends ripples of excitement through the market, propelling shares of GPT Infrastructure to new heights. The scope of work, which involves the construction of a new BG line, underscores the company's expertise and capabilities in executing complex infrastructure projects. This significant contract win not only boosts GPT Infra's order book but also enhances its reputation as a trusted partner in the railway construction segment.

Series of Successes:
GPT Infrastructure's recent triumphs extend beyond the Central Railway contract, with the company's joint venture securing a ₹135 crore contract from North Central Railway in Agra, Uttar Pradesh, last month. Additionally, the company clinched a ₹64 crore contract from South Eastern Railway in July 2023, further solidifying its foothold in the railway construction domain. These successive wins underscore GPT Infra's strategic approach to business expansion and its ability to capitalize on emerging opportunities in the infrastructure sector.

Financial Growth Trajectory:
Beyond its project wins, GPT Infraprojects' financial performance reflects its upward trajectory and resilience in the face of challenges. The company's standalone quarterly figures for December 2023 reveal a remarkable 27.74% increase in net sales, reaching ₹246.08 crore, compared to ₹192.64 crore in December 2022. Moreover, GPT Infraprojects reports a substantial 66.02% rise in net profit for the same quarter, further highlighting its robust financial health and growth potential.

As GPT Infrastructure continues to carve a niche for itself in the construction and infrastructure segment, its recent successes underscore the company's unwavering commitment to excellence, innovation, and value creation. With a strong order book, proven track record, and a dynamic team, GPT Infrastructure remains poised for sustained growth and success in the dynamic Indian market.

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GPT Infra surges 16% following the acquisition of a ₹487-crore order from Central Railway

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