Shares of GPT Infraprojects Ltd shot up more than 13% on Thursday, 20 March, after it emerged as the lowest bidder (L1) for a significant railway infrastructure project. To complete the assignment, the engineering, procurement, and construction (EPC) mode will be employed.

CAO Construction, South Eastern Railway, Kolkata, has awarded a contract worth Rs 481.11 crore for the construction of a significant bridge over the Rupnarayan River.

The project includes an elevated platform, viaducts, and down and middle-line bridges at West Bengal’s Kolaghat station, which is situated on the Howrah-Kharagpur route, according to an exchange filing made by GPT Infraprojects Ltd.

The financial performance of GPT Infraprojects was excellent, as evidenced by the growth in revenue from operations from Rs 253.75 crore in Q3FY24 to Rs 278.07 crore in Q3FY25.

The net profit of the company increased significantly from Rs 14.91 crore in December 2023 to Rs 21.41 crore. Additionally, EBITDA increased 17.99%, from Rs 30.24 crore to Rs 35.68 crore, over the same time last year.

Kolkata-based GPT Infraprojects operates in two business segments: the sleeper division and the infrastructure division. Big bridges and road overbridges for highways and railroads are among the civil and infrastructural projects the company specializes in completing under government contracts.

In the sleeper segment, the company manufactures and supplies concrete sleepers for railroad networks in India and Africa. Panagarh, West Bengal; Ladysmith, South Africa; Tsumeb, Namibia; and Eshiem, Ghana, are the locations of its manufacturing plants.

At 3:30 pm, the shares of GPT Infraprojects closed 6.04% higher at Rs 101.23 on NSE.

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