GPT Infraprojects Secures ₹ 1201 Crore Rail Bridge Contract
Filing Summary
GPT Infraprojects Limited has secured a contract valued at ₹ 1201 Crore in a joint venture with Rail Vikas Nigam Limited. The company’s share in the contract is ₹ 480 Crore. The project involves the design and construction of a new rail cum road bridge over the River Ganga near Kashi Railway Station. The contract is awarded by the Northern Railway and is expected to be executed within 1461 days. This contract adds to GPT Infraprojects’ outstanding order book, now totaling ₹ 4895 Crore.
GPT Infraprojects Limited has announced the acquisition of a contract worth ₹ 1201 Crore. The contract is secured in a joint venture with Rail Vikas Nigam Limited (RVNL), with GPT Infraprojects holding a 40% share amounting to ₹ 480 Crore. The contract is awarded by the CAO CON, Northern Railway and involves significant infrastructure development.
The financial terms of the contract specify that GPT Infraprojects’ share is ₹ 480 Crore. The contract is part of a joint venture with RVNL, indicating a collaborative financial arrangement. The total contract value is ₹ 1201 Crore, with the remaining 60% of the contract value managed by RVNL. This contract contributes to the company’s outstanding order book, which now stands at ₹ 4895 Crore.
The scope of the contract includes the design and construction of a new rail cum road bridge over the River Ganga. The bridge will be located 50 meters downstream of the existing Malviya Bridge near Kashi Railway Station. The project involves constructing a bridge with eight spans of 108.5 meters and two spans of 103.3 meters using Open Web Steel Girders. The bridge will support four railway tracks on the lower deck and a six-lane road on the upper deck. The project also includes railway and road approaches, along with associated overhead electrification and general electric works in the Lucknow Division of Northern Railway at Varanasi, Uttar Pradesh.
The contract is awarded by a domestic entity, the Northern Railway, and does not involve any related party transactions. The project is a significant infrastructure development in the region, enhancing connectivity and transportation efficiency. The contract does not involve any interest from the promoter group or related parties.
The timeline for the execution of the contract is set at 1461 days from the appointed date. This timeline outlines the period within which the design and construction activities are to be completed. The project is a collaborative effort between GPT Infraprojects and RVNL, with both entities contributing to the successful execution of the contract.
Rail Vikas Nigam Limited is a government-owned entity involved in the implementation of railway infrastructure projects. The company focuses on enhancing railway connectivity and capacity across India, working on various projects to improve the country’s railway network.
GPT Infraprojects Limited is a leading infrastructure company based in Kolkata. The company specializes in railway-focused infrastructure projects, including large bridges and road over bridges. GPT Infraprojects operates in two segments: Infrastructure and Sleeper. The company manufactures and supplies concrete sleepers for railways in India and Africa. GPT Infraprojects is listed on the National Stock Exchange of India Limited and BSE Limited under the symbol GPTINFRA.