BAJAJ BROKING
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 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
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 Read: GPT Infraprojects Awarded ₹487 Crore Order, Stock Surges 8%
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:
Disclaimer :
The information on this website is provided on "AS IS" basis. Bajaj Broking (BFSL) does not warrant the accuracy of the information given herein, either expressly or impliedly, for any particular purpose and expressly disclaims any warranties of merchantability or suitability for any particular purpose. While BFSL strives to ensure accuracy, it does not guarantee the completeness, reliability, or timeliness of the information. Users are advised to independently verify details and stay updated with any changes.
The information provided on this website is for general informational purposes only and is subject to change without prior notice. BFSL shall not be responsible for any consequences arising from reliance on the information provided herein and shall not be held responsible for all or any actions that may subsequently result in any loss, damage and or liability. Interest rates, fees, and charges etc., are revised from time to time, for the latest details please refer to our Pricing page.
Neither the information, nor any opinion contained in this website constitutes a solicitation or offer by BFSL or its affiliates to buy or sell any securities, futures, options or other financial instruments or provide any investment advice or service.
BFSL is acting as distributor for non-broking products/ services such as IPO, Mutual Fund, Insurance, PMS, and NPS. These are not Exchange Traded Products. For more details on risk factors, terms and conditions please read the sales brochure carefully before investing.
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 more disclaimer, check here : https://www.bajajbroking.in/disclaimer
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading