India, Oct. 31 -- GPT Infraprojects Limited (GPTINFRA) announced that it has received a Rs 37.8 crore contract from the Eastern Railway for civil and associated works related to capacity augmentation facilities for Wagon POH at Jamalpur Workshop.
The project will be executed in joint venture, with GPT's share being 51%, and is expected to be completed within 18 months, the company said in a regulatory filing.
The contract has been awarded by a domestic entity and falls under the company's regular business operations. GPT clarified that neither its promoters nor group companies have any interest in the awarding entity and that the transaction does not qualify as a related party transaction.
This order further strengthens GPT Infraprojects...