GPT Infraprojects Limited hit a day high of Rs 130.90 on 19 October, up 4%, after its subsidiary won a Rs 149.50 crore railway order.

GPT Infraprojects told exchanges on Friday, 16 October, that its wholly owned subsidiary, Alcon Builders and Engineers Private Limited, has won a signalling contract from Western Railway’s Bhavnagar Division.

The contract is worth Rs 149.50 crore including GST, or Rs 126.70 crore before tax.

The disclosure came after market hours, so Monday was the first chance for investors to react. The work covers 18 stations.

GPT’s subsidiary will replace older panel-based signalling with electronic interlocking, the system that stops trains from being sent onto clashing tracks, and will design, supply, install and test the equipment.

The company has been around since 1980 and is the lead firm of the GPT Group. It focuses on railway infrastructure, and also takes on road projects and signalling work for government clients.

This order follows an earlier update. On 3 October, the company said its subsidiary was declared the lowest bidder, known as L1, in an order valued at Rs 149.49 crore.

GPT said the work it still has to execute, known as its order book, is worth a net Rs 5,538 crore, and orders won so far in FY27 add up to Rs 1,364 crore.

On 1 October, the subsidiary was declared L1 for a Rs 134.11 crore project in Western Railway’s Ratlam Division, and an order announcement for the same amount followed on 17 October.

The same day, its South African arm won a five-year contract to make railway concrete sleepers for Transnet Freight Rail, worth about Rs 385 crore before VAT.

At 10:51 am, shares of the Kolkata-based company were trading at Rs 124.75 on NSE, down by 0.68% from the previous close of Rs 125.60.

It is up 4.87% over the past month, and its 52-week high is Rs 150, set on 23 June.

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