GPT Infraprojects Limited has announced that the infrastructure company’s subsidiary has been declared as L1 (First Lowest) in an order valued at ₹103.58 crore by the North Eastern Railway division of the Indian Railways.
In an exchange filing issued on Tuesday, November 10, the Kolkata-based company said that GPT Infra’s wholly owned subsidiary, Alcon Builders and Engineers Private Limited has been declared L1 (First Lowest). The order value is set at ₹103.58 crore.
SCOPE OF PROJECT
This project, for which the company has been declared the lowest bidder, involves design, programming, installation, supply, testing and commissioning of the Electronic Interlocking (EI) System conforming to RDSO Specification No. RDSO/SPN/192/2019 or Latest (with the latest amendment, if any) as per SIP.
It also includes indoor & outdoor work, including part supply of materials at stations and Siwan Jn & CHPG Station, automatic block signalling work in CPR Jn-CI-CHPG Block Section, and work for OFC cables GKC-BTT and CPR Jn-CI-CHPG Sections in the Varanasi Division of the North East Railway.
Previously, in October, Alcon Builders and Engineers Private Limited secured a railway signalling contract worth ₹134.11 crore, inclusive of GST, from the Chief Signal and Telecommunication Engineer of Western Railway’s Ratlam Division, the company said in a stock exchange filing.
The contract covers the survey, design, supply, installation, testing and commissioning of 4-Aspect Automatic Block Signalling systems with electronic interlocking and dual multi-section digital axle counters at auto huts. It also includes related alterations to electronic interlocking at stations.
STOCK PERFORMANCE
Looking at the performance of the company’s shares, the shares slipped in trade on Monday, falling over a percentage point in the session. However, the company’s shares have seen a steady rise in this year’s trade, rising 2.33% so far this year. The stock price stands at ₹112.15 per share
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GPT Infraprojects declared lowest bidder for a ₹103 crore order by North Eastern Railway