Shares of GPT Infraprojects Ltd hit a 5% upper circuit after the company announced receiving an order worth Rs 547 crore from Rail Vikas Nigam Limited (RVNL).

In its regulatory filing, the company said that it would construct rail over the bridge and exit/entry ramps, a viaduct portion of the elevated corridor, a light vehicular underpass, a small vehicular underpass and a pedestrian underpass in connection with the construction of a lane elevated Kona Expressway from the West Bengal. 

The firm would develop or renovate the National Highways Authority of India (NHAI) office building and perform several other tasks, such as electrification and lighting, in an engineering, procurement, and construction (EPC) mode.

The company also stated that it has Rs 3,646 crore in its outstanding order book and that its total order intake for FY25 was Rs 674 crore.

On 17 May, GPT Infraprojects announced its financial results for the fourth quarter of FY24 and the entire fiscal year to the stock exchanges.

At 3:30 pm, the shares of GPT Infraprojects closed 4.98% higher at Rs 242.35 on NSE.