Deals24 Apr 2024, 04:30 pm
GPT Infraprojects Secures Rs. 487 Crore Contract from Central Railway
AI Summary
GPT Infraprojects Limited has announced the bagging of a new contract valued at Rs. 487 Crore from Central Railway. The contract involves the construction of a new BG line from chainage 52500 to 83200 in the Solapur-Osmanabad section of the Solapur Division of Central Railway. This joint venture between GPT and Central Railway does not involve any related party transactions with significant terms and conditions. GPT Infraprojects, a premier infrastructure company, is based out of Kolkata and has a strong project execution capabilities, healthy financial base, and growth prospects. The company's outstanding order book now stands at approximately Rs. 3,309 Crore with a total order inflow for Fiscal 2025 of Rs. 127 Crore.
Key Highlights
- GPT Infraprojects bags a contract worth Rs. 487 Crore from Central Railway
- The contract is for the construction of a BG line in the Solapur-Osmanabad section of Central Railway
- This is a joint venture with no significant related party transactions
- GPT Infraprojects has a strong project execution capabilities, healthy financial base, and notable growth prospects
- Outstanding order book is approximately Rs. 3,309 Crore with a total order inflow of Rs. 127 Crore for Fiscal 2025