GPT Infraprojects Acquires Alcon Builders for ₹ 151.83 Cr
Filing Summary
GPT Infraprojects Limited has acquired 100% of the equity shares of Alcon Builders and Engineers Private Limited for ₹ 151.83 Cr. The acquisition, completed on February 27, 2026, involves 28,00,000 shares at a face value of ₹ 10 each. Alcon, a signaling EPC contractor for Indian Railways, becomes a wholly owned subsidiary of GPT. This acquisition does not require regulatory approvals and was executed through cash consideration. The move aligns with GPT’s strategy to expand its presence in the signaling EPC segment and enhance its offerings in the Indian Railways sector.
GPT Infraprojects Limited has completed the acquisition of Alcon Builders and Engineers Private Limited by purchasing 28,00,000 equity shares, representing 100% of Alcon’s paid-up capital. The transaction was finalized on February 27, 2026, for a total consideration of ₹ 15,183 lakhs. Alcon is now a wholly owned subsidiary of GPT Infraprojects Limited, and the acquisition was executed through cash consideration.
The financial terms of the acquisition include the purchase of shares at a face value of ₹ 10 each. The total consideration paid amounts to ₹ 15,183 lakhs. This acquisition was not classified as a related party transaction, and no members of the promoter group have any interest in Alcon. The transaction was conducted at arm’s length, and no governmental or regulatory approvals were required for its completion.
Alcon Builders and Engineers Private Limited operates as an EPC contractor specializing in signaling, telecommunication, and allied works for Indian Railways. The company has over three decades of experience in the sector. Alcon’s turnover for the financial year 2024-2025 was ₹ 10,020 lakhs. The acquisition allows GPT to enter the high-margin signaling EPC segment, complementing its existing relationship with Indian Railways.
The acquisition aligns with GPT Infraprojects Limited’s strategic objectives to enhance its market presence and expand its product offerings within the Indian Railways ecosystem. By integrating Alcon’s operations, GPT aims to achieve operational and commercial synergies, thereby enhancing long-term value for stakeholders. The acquisition positions GPT to capture future high-value opportunities in the EPC sector.
The acquisition was completed on February 27, 2026, with no additional regulatory approvals required. Following the acquisition, Mr. Vaibhav Tantia and Mr. Amrit Jyoti Tantia have been appointed as Non-Executive Directors on the Board of Directors of Alcon.
GPT Infraprojects Limited is focused on infrastructure development, particularly in the construction of bridges, roads, and railways. The company aims to leverage its expertise to expand its footprint in the infrastructure sector, with a strategic focus on enhancing its capabilities in the EPC domain. The acquisition of Alcon Builders and Engineers Private Limited is part of GPT’s strategy to strengthen its position in the signaling EPC market.