GPT Infraprojects Limited has secured a major infrastructure contract worth ₹670.00 crores from the National Highway Authority of India (NHAI). The company was declared the L1 (First Lowest) bidder for the highway construction project on December 22, 2025, in consortium with ISCPPL.

Project Details

The awarded contract involves the construction of a four-lane elevated road in Jodhpur city, covering the stretch from Mahamandir (CH.0000) to Akhaliya Chouraha (CH.74633) in Rajasthan state. The project will be executed under the Hybrid Annuity Model (HAM) mode, which is a popular public-private partnership model for highway development in India.

Strategic Significance

The project represents a significant addition to GPT Infraprojects' order book, reinforcing the company's position in the infrastructure development sector. The elevated road construction in Jodhpur will enhance urban mobility and traffic management in the historic city, connecting key areas from Mahamandir to Akhaliya Chouraha.

The consortium approach with ISCPPL allows both companies to leverage their combined expertise and resources for the execution of this substantial infrastructure project. The HAM mode of execution provides a balanced risk-sharing mechanism between the public and private sectors.

Regulatory Compliance

GPT Infraprojects made this announcement in compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure ensures transparency for investors and stakeholders regarding material developments that could impact the company's business operations and financial performance.

GPT Infraprojects has announced a significant business development with its joint venture securing a major infrastructure contract. The contract represents a substantial addition to the company's project portfolio and demonstrates its capability to participate in large-scale infrastructure developments.

Contract Details and Financial Impact

The joint venture has successfully secured a contract with a total value of ₹18.04 billion. GPT Infraprojects holds a strategic stake in this joint venture arrangement, positioning the company to benefit from this major project win.

Strategic Partnership Structure

The company's 26% participation in the joint venture translates to a share worth ₹4.70 billion from the total contract value. This partnership structure allows GPT Infraprojects to participate in large-scale projects while sharing both the investment requirements and project risks with its joint venture partners.

Business Implications

This contract win represents a significant addition to GPT Infraprojects' order book, with the company's share alone valued at ₹4.70 billion. The successful bid demonstrates the company's competitive positioning in the infrastructure sector and its ability to secure substantial projects through strategic partnerships. The joint venture approach enables the company to take on larger projects than might be feasible independently, potentially opening doors to more significant infrastructure opportunities in the future.

The securing of this major contract by GPT Infraprojects' joint venture underscores the company's growing presence in the infrastructure sector. With a 26% stake in the ₹18.04 billion project, GPT Infraprojects stands to benefit significantly from this development, further solidifying its position in the industry and potentially paving the way for future large-scale collaborations.