GPT Infraprojects Secures ₹670 Cr NHAI Road Project; Shares Dip Despite Big Wins

• GPT Infraprojects Ltd, in a consortium with ISCPPL, secured a ₹670 crore road project from the National Highway Authority of India (NHAI).
• The project involves constructing a four-lane elevated road from Mahamandir to Akhalia Chauraha in Jodhpur, Rajasthan, under the Hybrid Annuity Model (HAM).
• This new order follows a recent ₹1,804.48 crore flyover project from the Municipal Corporation of Greater Mumbai (MCGM) for LBS Marg.
• GPT Infraprojects holds a 26% stake in the Mumbai project, valued at approximately ₹469.16 crore, with a 36-month completion target.
• Despite these significant project wins, the company's share price saw a slight decline on December 22 and has fallen over the last 6 months and 1 year.

Why It Matters: GPT Infraprojects bags ₹670 Cr NHAI road project and a large Mumbai flyover, yet shares dip.