GPT Infraprojects wins ₹1,739 crore Mumbai flyover project
after close1 source ↓written by the desknot a recommendation
- flyover project
- ₹1,739.49 crore
- valued
- 26% stake
- valued
- ₹452.27 crores
GPT Infraprojects has been declared the L1 bidder for a ₹1,739.49 crore flyover project in Mumbai, awarded by the Municipal Corporation of Greater Mumbai (MCGM). The project will be executed through the RPS-GPT Joint Venture, with GPT holding a 26% stake valued at ₹452.27 crores. This significant contract enhances GPT's position in the infrastructure sector.
• Project involves construction along LBS Marg
• Location spans from Kalpana Talkies Kurla to Pankhe Shah Dargah Ghatkopar West
• Expected to boost near-term sentiment in the infrastructure space.
Not investment advice. For informational purposes only.