GPT Infra - stand to benefit from MASSIVE Railway Capex plan?

Mr. Dwarika Prasad Tantia, GPT Chairman said, “While the world continues to adjust to the new normal, every crisis offers opportunities. In India too, the central and state governments are working diligently to bring the economy back on track and we believe that infrastructure development will be one of the key drivers of economic progress. As a testament to our execution prowess and ability to function in challenging times, we are happy to report that we have bagged two orders in the lockdown period worth Rs 2.2 billion and also stand as L1 for orders amounting to Rs 5 billion. With this, our order book of Rs 16.4 billion provides strong revenue visibility in these challenging times. From an operational perspective, we resumed operations from end of April at a lower utilisation but with the gradual “unlocking”, we are seeing improvement at our facilities and project sites, although, labour supply remains a major concern. Going ahead, we are mindful of the fact that there remains uncertainty regarding the impact of Covid-19 and are geared up to withstand challenging period. With our execution capabilities, shored up liquidity position, robust control systems, I am confident that we have the strength to deliver.”