GPT Infraprojects buys 100% of Alcon Builders for Rs 151.83 cr
GPTINFRA · price
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GPT Infraprojects has acquired 100% (28 lakh equity shares) of Alcon Builders and Engineers for Rs 15,183 lakhs in cash. Alcon is a 30-year-old railway signaling EPC contractor with FY25 turnover of Rs 10,020 lakhs. It is now a wholly owned subsidiary. The deal gives GPT entry into the high-margin signaling segment, complementing its 40-year railway relationship. No related party transaction.
Adds high-margin railway signaling EPC vertical. Alcon now a wholly owned subsidiary. All-cash deal worth about Rs 152 cr.