Capitaline

Hot Pursuit 03-Jul-24

GPT Infraprojects hits 52-week high after board to mull fund raising plan

GPT Infraprojects advanced 1.72% to Rs 148.20 after the company’s board will meet on Friday, 05 July 2024 to consider raising funds by way of issuance of equity shares or other securities through various modes.

The company will raise funds by issue of equity shares or other securities including through preferential issue, qualified institutional placement, rights issue, or through any other permissible mode or a combination thereof, subject to such statutory/ regulatory approvals as may be required, including approval of shareholders of the company, as applicable.

GPT Infraprojects is the flagship company of GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisions — infrastructure and sleepers. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In sleepers, the company manufactures and supplies concrete sleeper for Railways in India and Africa.

The company’s consolidated net profit increased 55.67% to Rs 16.19 crore on 10.03% rise in revenue from operations to Rs 295 crore in Q4 FY24 over Q4 FY23.

The scrip hit an 52-week high at Rs 152 in intraday today.

Previous News

GPT Infraprojects fixes record date for bonus issue
( Market Beat - Reports 21-Jun-24 16:59 )

GPT Infraprojects standalone net profit rises 8.97% in the June 2019 quarter
( Results - Announcements 16-Aug-19 10:36 )

GPT Infraprojects consolidated net profit rises 4.12% in the June 2018 quarter
( Results - Announcements 16-Aug-18 14:17 )

GPT Infraprojects to declare Quarterly Result
( Corporate News - 13-Jun-20 10:59 )

GPT Infraprojects rises after board OKs 1:1 bonus issue
( Hot Pursuit - 27-Sep-22 13:07 )

GPT Infraprojects standalone net profit rises 74.36% in the March 2018 quarter
( Results - Announcements 02-Jun-18 17:51 )

GPT Infraprojects gains after winning order
( Hot Pursuit - 20-Feb-17 11:26 )

Board of GPT Infraprojects approves fund raising up to Rs 100 crore and bonus issue
( Corporate News - 24-May-17 09:10 )

GPT Infraprojects to convene board meeting
( Corporate News - 25-Jan-22 12:24 )

GPT Infraprojects consolidated net profit rises 83.85% in the December 2015 quarter
( Results - Announcements 19-Feb-16 15:17 )

GPT Infraprojects consolidated net profit rises 74.61% in the June 2022 quarter
( Results - Announcements 29-Jul-22 14:43 )