GPT Infraprojects Secures Rs.487 Crore Contract

(20 second reading) GPT Infraprojects Limited (GPT) on Wednesday announced that the company has secures a contract valued at Rs 487 crore from the Central Railway, Mumbai.
The contract entails the construction of a new Broad Gauge (BG) line spanning from chainage 52500 to 83200 in Solapur-Osmanabad section of Solapur Division of Central Railway.
The share of the company in this joint venture contract stands at 26 per cent.
The shares of the company surged over 16 per cent in the early morning after the announcement of the company bagging the order.