This small-cap infrastructure company bags order worth Rs 216 crore

Today the shares of the company jumped more than 8 per cent.

On January 16, 2023, the company informed in the exchange filing that GPT Infraprojects Limited (GPT) has bagged an order valued at Rs 216 crore. The contract awarding entity is Maharashtra Rail Infrastructure Development Corporation Limited, Mumbai. The contract involves the Construction of proposed extensions of the Ghatkopar Cable Stayed Road Over Bridge connecting LBS Road junction and Eastern Expressway Junction in Mumbai.

GPT, incorporated in 1980, operates through two business divisions - Infrastructure and Sleepers. The company made inroads into the infrastructure segment in 2004 and is now an established railway-focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleepers for Railways in India and Africa.

Today, the stock opened at Rs 53.30, with a high and low of Rs 57.60 and Rs 53.30. The stock closed trading at Rs 55.30, up by 4.34 per cent.  

In the last six months, the shares of the company have given more than 30 per cent returns and in the last one year, it has given about 37 per cent returns. 

The stock has a 52-week high of Rs 70.45 and a 52-week low of Rs 33.80. The company has a ROCE of 13.9 per cent and an ROE of 9.30 per cent with a market capitalisation of Rs 327 crore.