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GPT Infraprojects' Subsidiary Wins ₹21.21 Crore Signaling Contract from Western Railway

1 report, 1 independent Updated Sep 1
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

GPT Infraprojects Limited announced that its wholly-owned subsidiary, Alcon Builders and Engineers Private Limited, secured a contract from Western Railway. Alcon was declared the lowest bidder (L1) for the work, which is valued at ₹21.21 crore. The contract involves the design, supply, installation, and commissioning of an Electronic Interlocking (E.I) system for the Viramgam upgradation within the Ahmedabad Division of Western Railway.

From equitybulls.com

Why it matters

Some supportBrind's analysis of the reports

The contract win represents a significant business development for GPT Infraprojects. The project is tied to the infrastructure of Viramgam, located in the Ahmedabad Division. The announcement was made while the company's shares were trading at Rs. 118.05 in BSE.

From equitybulls.com

Who's involved

  • ViramgamTown in Gujarat where the signaling equipment upgrade project is located.
  • AhmedabadCity in Gujarat, India, within the operational area of the client.

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The entities involved

Coverage

Newest first; wire copies grouped