GPT Infra secures ₹1,804 crore flyover contract from MCGM
after close1 source ↓written by the desknot a recommendation
- contract
- ₹1,804.48 crore
- valued
- 26% share
- and is set
- ₹469.16 crore
- for completion
- 36 months
Kolkata-based infrastructure firm secured a ₹1,804.48 crore contract from the Municipal Corporation of Greater Mumbai (MCGM) for a flyover project along LBS Marg. The project, structured as a joint venture, will see GPT Infraprojects hold a 26% share valued at ₹469.16 crore and is set for completion in 36 months.
This significant contract may boost investor sentiment and enhance revenue prospects for the company in the coming years.
Not investment advice. For informational purposes only.