Shares of GPT Infraprojects rose 8% on January 20 after the company announced it had secured an order of about Rs 270 crore, its second major contract this week.

Bridge & Roof Company Ltd has asked the company to construct a railway interchange between Allahabad and Bamrauli in Uttar Pradesh.

Earlier this week, the company secured an order of Rs 216 crore from Maharashtra Rail Infrastructure Development Corporation Ltd for the extension of the Ghatkopar Cable Stayed Road interchange linking the LBS Road junction with the Eastern Expressway in Mumbai.

Kolkata-based infrastructure operator GPT Infraprojects is the flagship company of the GPT Group.

The company ventured into infrastructure in 2004 and is now an established company focused on railroads. The company is engaged in the execution of civil and infrastructure projects, colossal bridge and railway ROBs.

The company also manufactures and supplies concrete sleepers to railways in India and Africa. Its substantial sleeper business is spread across countries such as South Africa, Namibia, Bangladesh and Sri Lanka.

The company’s order book is worth around Rs 2,471 crore, which includes a cumulative inflow of Rs 1,125 crore for the current financial year.

The stock was up 4.9% at Rs 57.45 at 2:57 pm on the BSE. The company’s stock has risen 191% over the past three years.

GPT Infraprojects is likely to be closely watched ahead of Budget 2023, as market participants believe the rail-focused company could benefit from expected announcements related to the sector.