GPT Infraprojects’ subsidiary wins a ₹149.5 crore railway signalling contract

GPT Infraprojects Limited has told the exchanges that its wholly owned subsidiary, Alcon Builders and Engineers Private Limited, has received a signalling contract from the Chief Signal and Telecom Engineer (CSTE) of Western Railway’s Bhavnagar Division. The contract is worth ₹149.50 crore including GST, or ₹126.70 crore excluding GST.

The work is the replacement of existing PI stations with EI, MSDAC and built-in block working, including signalling and telecom equipment, at 18 stations. It covers design, supply, installation, programming, testing and commissioning for the Bhavnagar Division.

The contract is to be executed within 730 days from the appointed date, and it was awarded by a domestic entity. The announcement follows the company’s earlier intimation of 3 Oct 2026 that it was the lowest bidder (L1).

The filing states that no promoter, promoter group or group company has an interest in the entity that awarded the contract, and that the order is not a related party transaction. GPT Infraprojects describes itself as a railway-focused infrastructure company that also makes concrete sleepers.

Inference

The filing confirms the ₹149.50 crore contract that the company had flagged on 3 Oct 2026, when it said it was the lowest bidder. The order is held by the wholly owned subsidiary, Alcon Builders and Engineers, so it sits within the group rather than directly in the listed company.

The contract covers 18 stations and is to be executed within 730 days, so the work is spread over about two years. The filing does not give profit margins or the timing of payments, so its effect on the company’s earnings is not known from this announcement.