This small-cap company received orders worth Rs 123 crore; shares shine on the bourses
Shares of GPT Infraprojects Ltd jumped by more than 19% today and closed at Rs 53.20.
The previous day’s close of the shares was at Rs 44.35. On Monday, the shares opened at Rs 44.65 and made the day high at Rs 53.20.
The company on Monday announced that its subsidiary RMS GPT Ghana Limited has received an order from RMS Concrete Ltd, Ghana worth Euro 13.936 million which in INR comes to be around Rs 123 crore.
As a consideration, the subsidiary, RMS GPT Ghana Limited has to manufacture and supply around 1,30,000 sets of Standard Gauge Pre-Stressed Railways Concrete Sleepers.
Before this order, GPT Infraprojects Limited received an order worth Rs 173 crore from Northern Railways. Currently, the order in hand of the company is worth Rs 1,985 crore which includes a cumulative order inflow of Rs 639 crore in the current financial year.
The GPT Group's flagship company, GPT Infraprojects Limited, is a renowned infrastructure business with offices in Kolkata. GPT, which was founded in 1980, is divided into two business units: Infrastructure and Sleepers.
The company entered the infrastructure market in 2004 and is now a well-known player with a railway-focused strategy. The company specialises in building big bridges and ROBs for railroads, among other civil and infrastructural projects. For railroads in India and Africa, the company produces and supplies concrete sleepers. For its concrete sleeper business, GPT is the only Indian company with operations in South Africa, Namibia, Bangladesh, and Sri Lanka.
The 52-week high of the stock is Rs 70.45 whereas the 52-week low was Rs 33.80. On Monday, the shares closed at Rs 53.20. Promoters of the company are holding a 75 % stake in the company whereas the Institutional and Non-Institutional holdings are 2.40% and 22.60% stake respectively.
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