GPT Infraprojects locked in the upper circuit as it settles Rs 70.09 crore in three contractual disputes; details inside

On Tuesday, the shares of GPT Infraprojects closed at Rs 109.04, up by 1.99% from its previous closing of Rs 106.91 on the BSE.

GPT Infra Projects has settled three contractual disputes under the Vivad Se Vishwas II (Contractual Disputes) Settlement Scheme for a total amount of Rs 70.09 crore. The disputes are related to two road construction projects and one bridge construction project. The company has settled the disputes through its subsidiary and joint venture companies.

The company’s subsidiaries and joint ventures have mutually settled the following arbitral awards under challenge by the respective customers and pending final disposal from the Courts under the Vivad Se Vishwas II (Contractual Disputes) Settlement Scheme of the Government of India:

The Vivad Se Vishwas II (Contractual Disputes) Settlement Scheme is a one-time settlement scheme launched by the Government of India to resolve pending contractual disputes between the government and its contractors. The scheme is open to all contractors who have pending contractual disputes with the government, regardless of the amount of the dispute.

GPT Infra Projects Ltd is a leading infrastructure company in India. The company is engaged in the construction and development of roads, bridges, irrigation projects, and other infrastructure projects. GPT Infra has a strong track record of completing projects on time and within budget.

Today, the stock opened at Rs 109.04 and has touched a high and low of Rs 109.04 and Rs 109.04, respectively. The BSE group ‘T’ stock of face value of Rs 10 has a 52-week high and low of Rs 109.04 and Rs 42.65, respectively.

Last one week high and low of the scrip stood at Rs 109.04 and Rs 96.82, respectively. The current market cap of the company is Rs 634.31 crore. The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 1.57% and 23.44%, respectively.

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