GPT Infraprojects wins ₹1804 Cr MCGM flyover contract in Mumbai
GPTINFRA · price
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On the reaction day the stock moved 2.1 pts less than Nifty Microcap 250 and 2.0 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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GPT Infraprojects has won a contract worth ₹1804.48 Crore from Municipal Corporation of Greater Mumbai (MCGM) for constructing a flyover along LBS Marg from Kurla to Ghatkopar West. GPT's share in this JV is 26 percent, equalling ₹469.16 Crore. Execution period is 36 months excluding monsoon. Total order book now stands at ₹3,861 Crore with FY26 inflow of about ₹966 Crore.
Major domestic government order strengthens order book and revenue visibility. No related party issues. Positive for the stock.