Shares of GPT Infraprojects Ltd hit a 51-week high of Rs 168 on 1 January after the company announced securing an order worth Rs 267 crore from the Ministry of Road Transport and Highways.

In its regulatory filing, the company said that the company has been declared the lowest bidder for a Rs 267 crore order from the Ministry of Road Transport and Highways (MORTH), the Government of India, through the Office of Superintending Engineer National Highway Circle No II, Public Works Directorate.

The order is for constructing a 4-lane Raniganj Bypass of length 5.261 km on NH-60 in Paschim Bardhaman, West Bengal, in EPC (engineering, procurement, and commissioning) Mode.

As of 30 September, the company’s order book stands at Rs 2,877 crore for the current fiscal year.

In its quarterly report for July-September, the company reported a 180% year-on-year increase in its net profit to Rs 14 crore for the quarter from Rs 5 crore reported in the same quarter last year.

The revenue during the quarter stood at Rs 234 crore, which is a 24% YoY increase from Rs 153 crore reported in the same quarter of the previous fiscal year.

At 3:30 pm, the shares of GPT Infraprojects closed 1.18% higher at Rs 166.95 on NSE.