GPT Infraprojects Declared L1 for Rail Vikas Nigam Order Worth ₹483.7 Crore
GPT Infraprojects Limited (GPTINFRA) secured an order worth ₹483.7 Crore (including GST) from Rail Vikas Nigam Limited. The contract is for constructing a bridge over the Mahanadi river as part of a railway line expansion project.
The order value of ₹483.7 Crore is significant and will contribute to the company's revenue, but it is not a transformative event that would drastically alter the company's financial standing in the short term.
The company has secured a new order, which is generally a positive development indicating business growth and potential for future revenue.
GPT Infraprojects Limited (GPTINFRA) has been declared L1 (First Lowest) in a significant order valued at ₹483.7 Crore, including Goods and Services Tax (GST). This order, with a base value of ₹410 Crore plus GST, was awarded by Rail Vikas Nigam Limited.
The contract involves the construction of an important bridge, specifically Bridge 544, which is a 32x65.84m open web steel girder over the Mahanadi river at chainage 406305m. This construction is part of the project for the 3rd and 4th line between Nergundi and Barang sections in the Khurda Road Division of East Coast Railway.
The company has informed the Department of Corporate Services at BSE Limited and the National Stock Exchange of India Limited about this development in compliance with SEBI regulations.
A plain-language summary of a public exchange filing by GPT Infraprojects Limited. Read the original for the full detail.