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GPT Infraprojects Surges on Major RVNL Bridge Deal
19 Sep
Summary
- GPT Infraprojects secured a Rs 483.72 crore railway bridge order from RVNL.
- The new contract boosts the company's order book to Rs 4,992 crore.
- The bridge project involves construction over the Mahanadi River in Odisha.
GPT Infraprojects experienced a notable share price rally, climbing approximately 9%, following the announcement of a significant railway infrastructure order. The contract, valued at Rs 483.72 crore, was awarded by Rail Vikas Nigam Limited (RVNL) for the construction of an important bridge over the Mahanadi River.
This new order significantly strengthens GPT Infraprojects' financial standing, increasing its total outstanding order book to Rs 4,992 crore. Furthermore, order inflows for Fiscal 2027 have reached Rs 818 crore, demonstrating consistent project acquisition. The construction is slated for completion within 1,095 days from the appointed date.
The project is a domestic railway bridge initiative and has been confirmed not to involve any related-party transactions. This successful bid underscores GPT Infraprojects' growing presence in the transportation and infrastructure sectors, contributing to its market capitalization which climbed to around Rs 1,440 crore following the stock's rally. Foreign investor ownership also saw a modest increase in the June 2026 quarter.