GPT Infraprojects' order wining spree continues
DSIJ Intelligence / 18 Feb 2017
GPT Infraprojects has bagged an order of Rs 64 crore from Rail Vikas Nigam. It will complete project within 18 months.
GPT Infraprojects has bagged an order of Rs 64 crore from Rail Vikas Nigam. It will complete project within 18 months. The company will construct major bridge over river Chandrabhaga, ROB and RUB with an approach of making road crossings in Virbhadra-New Rishikesh-Shivpuri section of Rishikesh-Karanprayag new BG rail line project in the State of Uttarakhand.
In first week of February, GPT Infraprojects has won Rs 217 crore order from Rail Vikas Nigam for North Central Railway.
On the financial front, GPT Infraprojects’ revenue increased 11.9 per cent to Rs 364 crore in 9MFY17 as compared to the same period in previous financial year. However, the company’s EBITDA declined by 1.9 per cent to Rs 52.46 crore in 9MFY17 on yearly basis. Its PAT rose by 24.3 per cent to Rs 11.13 crore in 9MFY17 as compared to same period in previous fiscal year.
The share price of GPT Infraprojects declined by 1.29 per cent and closed at Rs 249 on Friday. On Monday, the company’s share price is likely to trade in green owing to the increasing order booking.
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