GPT Infraprojects targets Rs.500 crore in 2010-11

May 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.

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