GPT Infraprojects targets Rs.500 crore in 2010-11May 25th, 2010 - 8:29 pm ICT by IANS
Kolkata, May 25 (IANS) GPT Infraprojects Tuesday said it is expecting strong growth and has set a topline target of Rs.500 crore for 2010-11.
“During FY 2009-10, we have also received a private equity investment, which has added to the strength of our balance sheet and reflects the confidence of the investor community in the inherent strength of our business.
“Going forward, we expect to maintain the strong growth momentum, and have targeted a topline of Rs.500 crore for FY 2010-11,” said Chairman D.P. Tantia in a statement.
The company has clocked a turnover of Rs.349 crore for 2009-10 as against Rs.228 crore for 2008-09, posting a growth of 53 percent year-on-year.
The company currently has an order book in excess of Rs.1,700 crore.
GPT executes civil engineering projects primarily for central and state governments, railways and public sector units.
It is also engaged in manufacture of railway concrete sleepers in South Africa, Mozambique, Namibia and Myanmar.
- Coal India's net profit up by 12.94 pc in FY11 - May 25, 2011
- BEL net dips 16 percent in 2011-12 - Apr 24, 2012
- BEL records marginal sales growth in 2011-12 - Apr 02, 2012
- TIL's net sales up by 30 pc in FY11 - May 19, 2011
- Infosys bets on double-digit growth again; beats guidance (Lead) - Apr 15, 2011
- Huge forex loss hits MindTree net in fiscal 2010-11 - Apr 21, 2011
- HDFC Q2 profit jumps 22 percent to Rs.807.54 crore - Oct 18, 2010
- Kingfisher Airlines 2010-11 net loss at Rs.1,027 crore - May 24, 2011
- TCS sees robust demand for IT outsourcing in new fiscal - Mar 07, 2011
- MindTree net dips 72 percent in first quarter - Jul 19, 2010
- India Post mops up Rs.274,720 crore in 2011 - Nov 23, 2011
- India's per capita income rises to Rs.53,000 - Jan 31, 2012
- Granules India's revenues rise 37 percent - Apr 24, 2012
- Ashok Leyland Q3 net profit down 59 percent - Jan 22, 2011
- Carborundum grows net by 68 percent in 2010-11 - May 02, 2011
Tags: balance sheet, civil engineering, concrete sleepers, confidence, crore, engineering projects, growth momentum, investor community, mozambique, myanmar, namibia, private equity investment, public sector units, railway, railways, rs 1, south africa, state governments, target, turnover