GPT Infraprojects Order worth Rs 83.41 crore
Myequity news service | Date : 03-07-2018 12:30:00 IST
GPT Infraprojects Limited (GPT), the flagship company of the GPT Group is a premier Infrastructure company based out of Kolkata, India, has bagged an order valued at Rs 245.33 crore (BDT 297.56 Crores), with share being 34%.
The contract, which has been awarded by the Office of the Chief Engineer (West), Bangladesh Railway, Rajshahi, Bangladesh for Construction of Rail Line in connection with construction of Ruppur Nuclear Power Plant & other ancillary works, Package No. WD-1, Bangladesh. The project has a completion period of 24 months, it said.
This Contract is in Joint Venture in the name GPTSEL-CCCL (JV) of which GPT’s share is 34%. About GPT Infraprojects:
GPT Infraprojects Limited, 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. The company made inroads into the infrastructure segment in 2004 and is now an established Railway focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleeper for Railways in India and Africa. GPT is the only Indian company which has presence in several countries for its concrete sleeper business viz. South Africa, Namibia, Bangladesh and Sri Lanka.
GPT has strong project execution capabilities, a healthy financial base, and enviable growth prospects across all areas of operation. The company’s sleeper manufacturing units are located at Panagarh (West Bengal, India), Ikari and Pahara (Uttar Pradesh, India), Ladysmith (KZN, South Africa) and Tsumeb (Namibia).
The company has current orders in hand of nearly Rs 1,963.64 crore including cumulative order inflow of Rs 83.41 crore in the current financial year.
GPT Infraprojects Limited closed 1.68% down at Rs 155.00