GPT Infraprojects Secures ₹554.94 Cr RVNL Project, Shares Surge

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

Synopsis:

GPT Infraprojects secures ₹554.94 crore project from Rail Vikas Nigam Limited (RVNL). The project involves constructing a six-lane elevated Kona Expressway in West Bengal. Shares rise 5% to ₹256.30. RVNL shares increased 8.36% to ₹370.10.

GPT Infraprojects News Today

GPT Infraprojects Limited achieved a significant milestone by being declared the L1 (First Lowest) bidder by Rail Vikas Nigam Limited (RVNL) for a substantial project valued at ₹554.94 crore.

This achievement led to a notable surge in GPT Infraprojects' shares, which hit an upper circuit limit of 5%, closing at ₹256.30 on Thursday. The positive news also influenced RVNL's shares, which saw an 8.36% rise to ₹370.10 on the BSE.

Explore: Gpt Infraprojects Ltd Share Price

Project Details

The awarded project is a comprehensive infrastructure endeavour involving the construction of various elements associated with a six-lane elevated Kona Expressway in West Bengal. 

The scope of work includes construction of the viaduct portion of the elevated corridor, Road Over Bridges (ROBs), entry and exit ramps, Supervised Vehicle Underpasses (SVUP), Light Vehicle Underpasses (LVUP), Pedestrian Underpasses (PUP), building of an office for the National Highways Authority of India (NHAI) and miscellaneous works such as electrification and lighting.

Notably, the project excludes the design, supply, fabrication, and launching of steel bridge spans, RE walls, road work, diversions, intersections, and utility shifting.

Additional ReadGPT Infraprojects Awarded ₹487 Crore Order, Stock Surges 8%

In Summary

The securing of this major project from RVNL by GPT Infraprojects underscores its strong capabilities in the infrastructure sector, contributing to a positive market response and further cementing its status as a premier infrastructure company.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Share this article: 

Read More Blogs

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7.5 Lacs+ Users

icon-with-text

4.3+ App Rating

icon-with-text

4 Languages

icon-with-text

₹4300 Cr MTF Book

icon-with-text