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:
Gold Rate Today | 15 January 2025 | Gold Price in India
15 Jan, 2025 | 40 Min. read
Delhi Court Discharges JSW Steel in Corruption Case; HC Clears Monnet Takeover
15 Jan, 2025 | 2 Min. read
IRFC Emerges L1 Bidder to Finance ₹3,167 Crore for Banhardih Coal Block
15 Jan, 2025 | 2 Min. read
Cipla’s Tax Demand Reduced to ₹559.18 Crores After Revision
15 Jan, 2025 | 2 Min. read
Govt Plans 5-6% Hike in Highway Budget for FY26 After FY25 Slump
15 Jan, 2025 | 2 Min. read
Rikhav Securities IPO- Key Objective & Deep Analysis
15 Jan, 2025 | 5 Min. read
HCL Tech expands partnership with Microsoft to transform contact centres
14 Jan, 2025 | 2 Min. read
BEL secures new orders worth Rs 561 crore, boosting FY25 order book
14 Jan, 2025 | 2 Min. read
ITI Ltd secures Rs 64 crore contracts for Wi-Fi and CCTV systems
14 Jan, 2025 | 2 Min. read
JSW Energy secures LoI for 3.6 GW KSK Mahanadi power plant
14 Jan, 2025 | 2 Min. read
Biocon Biologics’ Johor Bahru Facility Receives FDA VAI Classification
13 Jan, 2025 | 2 Min. read
Interarch Secures ₹221 Crore Projects in Semiconductors & Energy Storage
13 Jan, 2025 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading