Shares of GPT Infraprojects Limited surged on Tuesday after the company was declared the lowest bidder (L1) for a ₹670 crore highway project by the National Highway Authority of India (NHAI). The project was secured in a consortium with ISCPPL, bidding under the name GPT‑ISCPPL (Consortium).
The contract involves the construction of a four‑lane elevated road in Jodhpur, Rajasthan, spanning from Mahamandir to Akhaliya Chouraha (7.633 km). The project will be executed under the Hybrid Annuity Model (HAM), a public-private partnership framework in which costs and risks are shared between the government and the contractor.
Following the announcement, GPT Infraprojects’ shares jumped about 6%, hitting an intraday high of ₹117 on the BSE, while on the NSE, the stock rose over 3%, reflecting strong market confidence. Analysts said that the contract win strengthens investor sentiment, given the company’s proven ability to execute large government infrastructure projects efficiently.
The highway project is expected to improve traffic flow and connectivity in Jodhpur, enhancing a key urban corridor. For GPT Infraprojects, the deal boosts its order book and reinforces its standing in the national highways sector, offering significant revenue potential over the coming years.
This new order comes shortly after GPT Infraprojects secured another major contract from the Municipal Corporation of Greater Mumbai, worth ₹1,804 crore, for constructing a flyover along LBS Marg, further expanding its infrastructure portfolio.
Industry observers note that winning high-value NHAI projects not only strengthens financial performance but also market perception, as reflected in the recent stock surge. The deal signals confidence in the company’s capability to handle large-scale projects under public-private models and contributes positively to its market valuation.
Also Read: Apollo Micro gains access to DRDO’s advanced weapon tech