GPT Infraprojects Stock Jumps 6% After Winning ₹1,804 Cr MCGM Flyover Project
GPT Infraprojects shares rose nearly 6% after securing a ₹1,804 crore flyover project from MCGM in Mumbai. GPT’s share of the order stands at ₹469 crore.
Shares of GPT Infraprojects Ltd. moved sharply higher on Wednesday after the company announced that it has secured a large infrastructure contract worth ₹1,804.48 crore from the Municipal Corporation of Greater Mumbai (MCGM).
Following the announcement, the stock gained 5.98%, closing at ₹113.45 on the exchange.
Project Details
The order relates to the construction of a flyover along LBS Marg in Mumbai’s eastern suburbs. The flyover will connect Kalpana Talkies in Kurla (L Ward) with Pankhe Shah Dargah in Ghatkopar West (N Ward), helping ease traffic congestion in the area.
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Total project value: ₹1,804.48 crore
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Execution period: 36 months (excluding monsoon periods)
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Mode of execution: Joint Venture
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GPT Infraprojects’ stake: 26%
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Order value for GPT: ₹469.16 crore
About GPT Infraprojects
GPT Infraprojects is the flagship company of the GPT Group, headquartered in Kolkata. The company operates across two main segments:
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Infrastructure: Construction of bridges, road overbridges (ROBs), and large civil projects, especially for Indian Railways
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Sleepers: Manufacturing and supply of concrete railway sleepers in India and Africa
Financial Performance
In the second quarter of FY26, the company posted strong profit growth despite a marginal dip in revenue:
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Net profit: ₹21.80 crore (up 23.65% YoY)
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Q2 FY25 net profit: ₹17.63 crore
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Revenue from operations: ₹278.67 crore (down 3.07% YoY)
The strong order inflow has boosted investor confidence, even as near-term revenue remained under pressure.