GPT Infraprojects Secures ₹103 Crore Boost Through Contract Enhancements

GPT Infraprojects Limited (GPT), a leading infrastructure construction and engineering company, has secured a significant boost to its order book. The company announced that existing contracts with two prominent clients, the National Highways Authority of India (NHAI) and Eastern Railway, Kolkata, have been enhanced by a combined value of ₹103 crore.

This positive development highlights GPT’s strong client relationships and its ability to deliver high-quality work within budget and schedule. The contract enhancements are likely tied to the following:

• Scope of Work Expansion: The additional allotment of funds could indicate an expansion in the scope of work for the existing projects undertaken by GPT for NHAI and Eastern Railway. This might involve additional construction elements, material requirements, or extended timelines.
• Change Orders: Alternatively, the contract enhancements could be a result of change orders issued by the clients. These changes could be related to unforeseen project requirements, material price fluctuations, or adjustments to project specifications.

Looking ahead, GPT’s performance on these enhanced contracts will be crucial in solidifying its position as a trusted partner for future infrastructure projects undertaken by NHAI, Eastern Railway, and other government agencies. Timely completion and adherence to quality standards will pave the way for further collaboration and growth opportunities.

During Q4 FY24, the consolidated total income stood at 296 crore as compared to ₹270 crore in Q4 FY23, a growth of 10%, which is largely driven by better execution in the infrastructure business and continued momentum in the concrete sleeper business. The consolidated EBITDA came in at ₹36 crore in Q4 FY24 as against ₹26 crore in Q4 FY23. Achieved a major milestone of crossing Rs 1,000 crore of revenues for the year. The Infrastructure segment recorded Revenue of ₹925.2 crore for the year ended March 31, 2024.

About GPT Infraprojects Limited

GPT Infraprojects Ltd (GPT) is a construction company that executes civil and infrastructure projects and manufactures concrete sleepers for railways. As of July 19, 2024, GPT Infraprojects shares opened at ₹169.00 and touched the day low of ₹163.20 at 10:04 AM.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.