GPT Infra bagged a Rs.163 crore order from Hooghly River Bridge Commissioners (HRBC),Transport Department , Government of West Bengal, Kolkata.
This is for repair and rehabilitation of 2nd Hooghly Bridge (Vidyasagar Setu), including replacement of Stay & Holding Down Cables and Bearings etc.
This Contract is in Joint Venture of which GPT’s share is 51%.
The market is pretty happy with this order. The stock, which had closed yesterday at Rs.29.45, within minutes of opening today hit the 10% UC of the day at Rs.32.35. Its 52-week high is at Rs.45.