Moneycontrol
Last Updated : Nov 26, 2018 09:28 AM IST | Source: Moneycontrol.com

GPT Infraprojects locked at 5% circuit as JV wins order worth Rs 159.8 crore

The construction period is 10 months and there is no interest of promoter / promoter group / group companies in the said contract.

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Shares of GPT Infraprojects locked at 5 percent upper circuit in the early trade on Monday after company bagged an order worth Rs 159.81 crore.

There were pending buy orders of 340 shares, with no sellers available.

The contract has been awarded by Office of the General Manager/Con., Northeast Frontier Railway, Maligoan, Guwahati to the joint venture in the name GPT-Bhartia (JV) of which company's share is 51 percent (Rs 81.50).

The contract includes construction of substructure of Bridge No - 134 and Chum test of piles of Bridges No 148, 169A, 169B, 169C, 171, 172 & 174 including other ancillary works in connection with construction of New BG line from Jiribam to Imphal (Manipur) project in NF Railway.

The construction period is 10 months and there is no interest of promoter / promoter group / group companies in the said contract.

Arun Kumar Dokania, chief financial officer (CFO) will retire from the services of the company on November 30, 2018 on attaining the age of superannuation as per the HR policy of the company.

At 09:26 hrs GPT Infraprojects was quoting at Rs 61.25, up Rs 2.90, or 4.97 percent on the BSE.

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First Published on Nov 26, 2018 09:28 am
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