GPT Infraprojects shares hit a day high of Rs 121.90 on 1 October, up 3%, after its South African arm won a Rs 385 crore railway sleeper order.

GPT Infraprojects Limited told the exchanges about the order on 1 October. Its subsidiary, GPT Concrete Products South Africa, won the contract.

The deal is worth ZAR 660 million, or about Rs 385 crore plus VAT. ZAR is the South African rand, and VAT is a sales tax. The client is Transnet Freight Rail in South Africa.

The subsidiary will make and supply railway concrete sleepers, the heavy blocks that hold rail tracks in place.

It will produce them at its factory in Ladysmith, KwaZulu-Natal. The contract runs for five years and counts as an international order.

None of the company’s promoters or group firms has any interest in the client. So the deal is not a related-party transaction, which means a deal with a company linked to the owners.

The company also disclosed an order book of Rs 5,377 crore, with Rs 1,203 crore of orders coming in so far in FY27.

An order book is the work a company has won but not yet delivered.

GPT Infraprojects makes concrete sleepers for railway projects in India and Africa.

Its plants are at Panagarh in West Bengal, Ladysmith in South Africa and Tsumeb in Namibia.

For context, NSE lists an interim dividend of Re 1 a share with an ex-date of 26 May. It also shows a board meeting on 1 August to consider financial results.

The stock closed at Rs 118.66 on NSE, up by Rs 0.32 or 0.27%. Most of the day’s gain faded after the high of Rs 121.90. It is up 7.77% so far in 2026 and 4.07% over the past year.

It sits below its 52-week high of Rs 150, set on 23 June. About 11.03 lakh shares changed hands, and the market value is about Rs 1,499 crore.

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