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GPT Infra
Dalal Street Investment Journal
|July 23, 2017
"We will continue to explore opportunities in India"
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Please throw some light on the order book from Rail Vikas Nigam.
GPT won ₹217 crore order from Rail Vikas Nigam Ltd in the final quarter of FY17. The contract is for the construction of major steel girder bridges, with foundation, substructure and related protection works in connection with Mathura-Jhansi third line in Agra and Jhansi division of North Central Railway in Uttar Pradesh, Madhya Pradesh and Rajasthan. This is the largest ever infrastructure order in the name of the company without any joint venture. The company’s technical credentials and ability to successfully handle complex and large scale projects in the past helped us secure this order in our own name. The execution of this project will enable us to participate in and bid for larger projects.
Apart from this, GPT bagged another contract from Rail Vikas Nigam for an amount of ₹64 crore in the fourth quarter. The work is related to the construction of major bridges over river Chanderbagha, ROB and RUB with approaches in Rishikesh-Karanprayag new BG rail line project in Uttarakhand.
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