GPT Infraprojects advances on new order win

GPT Infraprojects gained 2.71% to Rs 155.50 at 09:45 IST on BSE after the company announced that it has bagged an order valued at Rs 362.16 crore from Rail Vikas Nigam.

The announcement was made after market hours yesterday, 1 August 2018.

Meanwhile, the S&P BSE Sensex was down 229.13 points or 0.61% at 37,292.49

On the BSE, 541 shares were traded on the counter so far as against the average daily volumes of 7,344 shares in the past two weeks. The stock had hit a high of Rs 163.95 and a low of Rs 155.40 so far during the day. The stock had hit a record high of Rs 247.25 on 16 January 2018. The stock had hit a 52-week low of Rs 119.05 on 27 June 2018.

The small-cap company has equity capital of Rs 29.09 crore. Face value per share is Rs 10.

GPT Infraprojects said that the order is for construction of roadbed, viaduct, major and minor bridges, RUBs, ROBs, track linking and general electrical works at both the approaches of rail cum road bridge at Ghazipur (18.8 km) in connection with construction of new BG line from Mau to Tarighat in Varanasi division of NE railway and Danapur division of EC railway in Uttar Pradesh. The contract completion period is 24 months.

GPT Infraprojects' consolidated net profit rose 9.23% to Rs 4.85 crore on 18.57% rise in total income to Rs 181.23 crore in Q4 March 2018 over Q4 March 2017.

GPT Infraprojects is an infrastructure company and operates through two business divisions - infrastructure and sleepers.

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