GPT Infraprojects has secured a ₹483.72-crore order from Rail Vikas Nigam Ltd (RVNL) for construction of a railway bridge in Odisha, giving the infrastructure company a fresh boost as it expands its railway project portfolio.
The contract involves construction of Important Bridge 544, an open-web steel girder bridge over the Mahanadi River. The bridge will have 32 spans, each measuring 65.84 metres.
The project forms part of the work to build third and fourth railway lines between Nergundi and Barang in the Khurda Road Division of East Coast Railway.
GPT Infraprojects said the contract is worth ₹409.94 crore before GST and ₹483.72 crore including taxes. The company has 1,095 days to complete the project from the appointed date.
The new order triggered a sharp reaction in the stock market. GPT Infraprojects shares rose nearly 9% during Friday’s trading session, touching ₹123.32 on the NSE. The stock had closed at ₹113.56 on Thursday.
The jump came after the company announced the RVNL contract in a regulatory filing following market hours on Thursday.
The order is significant for GPT Infraprojects because it adds a large railway infrastructure project to its already sizeable pipeline. The company’s outstanding order book has now risen to around ₹4,992 crore, compared with ₹4,303 crore at the end of the June quarter.
With the latest contract, the company’s total order inflow for FY27 has reached around ₹818 crore, according to market reports.
The company has been building a stronger presence in the railway construction segment. Its recent projects include railway bridges, civil works and railway signalling contracts, giving it exposure to India’s ongoing investment in transportation infrastructure.
The latest RVNL project is also the company’s second major railway order secured during September.
GPT Infraprojects’ subsidiary Alcon Builders and Engineers recently won two railway signalling contracts. One, worth ₹114.82 crore, was awarded by Northeast Frontier Railway, while another contract worth ₹85.53 crore came from Eastern Railway.
Together, these contracts have expanded the company’s railway-related work pipeline and strengthened its order visibility.
GPT Infraprojects is the flagship company of Kolkata-based GPT Group. Its operations cover infrastructure construction, railway-related projects and the manufacture of concrete railway sleepers.
The company’s growing order book comes at a time when Indian Railways is investing heavily in expanding network capacity and upgrading infrastructure. Additional railway lines are being developed on busy routes to improve capacity and accommodate rising passenger and freight traffic.
The Nergundi-Barang project is part of this wider effort. The addition of third and fourth lines is expected to increase capacity on the existing railway corridor and support smoother movement of trains.
While a larger order book provides visibility for future business, execution remains important. Large infrastructure projects can take several years to complete, and revenue is recognised progressively as work advances. Costs, project timelines and execution efficiency will therefore determine how much of the order value eventually translates into earnings.
GPT Infraprojects’ latest financial performance has been mixed. In the quarter ended June 2026, its consolidated revenue from operations fell around 3.4% year-on-year to ₹302 crore.
However, profitability improved during the quarter. Consolidated EBITDA increased about 28.4% to ₹47.5 crore, while profit attributable to shareholders rose nearly 5% to ₹24.6 crore.
The company has also continued to secure new contracts despite the uneven revenue performance.
The latest RVNL contract could provide additional revenue visibility over the next three years. Successful execution of the Mahanadi bridge project will be closely watched as the company works through an order book approaching ₹5,000 crore.
GPT Infraprojects has also clarified that its promoters, promoter group and group companies have no interest in RVNL. The contract is therefore not a related-party transaction.
The sharp rise in GPT Infraprojects shares following the announcement shows the immediate investor interest in the new contract. The stock, however, remains below its 52-week high of ₹150, recorded in June.
The latest project gives GPT Infra another sizeable railway assignment and adds to its growing portfolio of infrastructure contracts.
The immediate focus will now shift to execution. Over the next three years, GPT Infraprojects will have to deliver the Mahanadi bridge within the agreed timeline while managing costs and coordinating with railway authorities.
With an order book of nearly ₹5,000 crore and fresh railway contracts continuing to come in, the company is building a larger pipeline of work as India’s railway infrastructure expansion gathers pace.
