GPT Infra secures Rs 260 million order from TFRSA

17 Jun 2024 CW Team

GPT Infra has secured a contract valued at Rs 260 million from Transnet Freight Rail, South Africa, as announced by the civil construction company. The order involves the supply of concrete sleepers produced at their factory in Ladysmith.

The order pertains to GPT Concrete Products South Africa (Pty), a subsidiary of GPT Infraprojects, the flagship company of GPT Group headquartered in Kolkata. GPT Infraprojects operates across two main divisions: infrastructure projects and sleeper manufacturing. The company specialises in executing civil and infrastructure projects, particularly large bridges and ROBs for Railways. In the sleeper segment, it manufactures and supplies concrete sleepers for Railways in both India and Africa.

In Q4 FY24, the company reported a consolidated net profit growth of 55.67% to Rs 161.9 million, with a 10.03% increase in revenue from operations to Rs 2.95 billion compared to Q4 FY23. On the BSE, the company's stock rose by 0.60% to Rs 253.

(Source: Business Standard)

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