Latest news with #GPTGroup
Perth Now
a day ago
- Business
- Perth Now
Stirling eyes fresh plans for Karrinyup Library site
The future of Karrinyup Library is once again in question as the City of Stirling considers a potential redevelopment of the ageing site. The council has been asked to endorse engaging a consultant to prepare a development opportunity plan for the library to assess current community needs, opportunities and site constraints. The library is on the northern edge of the Karrinyup Shopping Centre precinct and has faced increasing challenges with accessibility and parking since the centre's recent $800 million redevelopment, which was completed in 2021. The city says while the library continues to attract more than 93,000 visitations and 193,000 loans per annum, issues linked to the redevelopment have resulted in a consistent decline in visitations over the past few years. In mid-2023, the library, which opened in 1974, was forced to close for multiple weeks due to flooding. The library is on the northern edge of the Karrinyup Shopping Centre. Credit: Erick Lopez Given the building's uncertain future, the city has avoided any upgrades or improvements to the site beyond basic maintenance. 'Over many years, the city has engaged with the Karrinyup Shopping Centre owner regarding opportunities for redevelopment of the library landholding; however, an agreed direction has never been reached to enable formal consideration by council,' city officers said in a report. 'As such, the city has undertaken minimum asset maintenance over an extended period to keep the library safe and functional without over-investing, given this uncertain future direction.' The future of the library has been under discussion since February 2021, when residents raised concerns at the electors' general meeting and asked the city to engage with the community and review the planning framework for the Karrinyup Secondary Centre. Since then, the city has engaged with Karrinyup Shopping Centre owners, GPT Group on behalf of UniSuper, to explore redevelopment options but progress has stalled, prompting the city to recommend a consultant-led review. While site redevelopment options and concepts have been prepared by GPT Group, the city said they were largely developed without direct input from its officers. If council approves the recommendation, a competitive tender will be conducted to engage a consultant for the Karrinyup Library Development Opportunity Plan, with funding allocated in the 2025/2026 budget. The matter was discussed at the city's planning and development committee on Tuesday and is expected to be considered at the August 12 council meeting.
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Business Standard
7 days ago
- Business
- Business Standard
GPT Infraprojects rallies 9% as Q1 profit zooms 40% YoY; declares dividend
GPT Infraprojects share price: Construction engineering firm GPT Infraprojects shares were in demand on Tuesday, August 8, 2025, with the stock rising up to 9.41 per cent to an intraday high of ₹141.25 per share. At 11:41 AM, GPT Infraprojects shares continued to trade higher, up 6.78 per cent at ₹137.85 per share. In comparison, BSE Sensex was trading 0.39 per cent lower at 80,700.25 levels. Why did GPT Infraprojects share price rally? GPT Infraprojects shares zoomed after the company reported a string set of results in the June quarter of financial year 2026 (Q1FY26). GPT Infraprojects reported a 32.2 per cent year-on-year jump in standalone total income at ₹316 crore, driven by strong execution in its infrastructure business and continued momentum in the concrete sleeper segment. Standalone Ebitda rose 21.5 per cent YoY to ₹41.8 crore, while net profit grew 29.1 per cent to ₹22.6 crore. Segment-wise, the infrastructure division remained the key revenue driver, contributing ₹299.6 crore, or 92 per cent of total operating income, in Q1FY26. This segment delivered healthy margins, exceeding internal Ebitda benchmarks, on the back of solid execution across major projects. The sleeper segment recorded revenue of ₹10.2 crore, supported by stable Indian operations and contributions from South Africa, although the rest of the Africa business remained subdued during the quarter. 'The Government's continued focus on infrastructure development presents a robust opportunity for growth, and we remain confident in our ability to expand into newer geographies while delivering world-class infrastructure for the nation. We have commissioned a Steel Girder and Components Manufacturing Facility at West Bengal, with an initial capacity of 10,000 MT per annum with provisions to enhance the final capacity to 25,000 MTPA over a period of 2 years. Order Execution is going on smoothly while we maintain the Ebitda hurdle rate. The strong numbers are not just milestones, they reflect disciplined execution, strategic clarity and the collective commitment of our people. We are now at an inflection point—a moment where decades of groundwork are converging into scalable, sustainable growth,' said Dwarika Prasad Tantia, chairman, GPT Infraprojects. GPT Infraprojects dividend The board also declared a first interim dividend of ₹1 per share, with the record date set for August 11, 2025. The company's order book stood at ₹3,569 crore, with fresh inflows worth ₹396 crore so far this fiscal, including additions to ongoing contracts. About GPT Infraprojects Incorporated in 1980, GPT Infraprojects is the flagship entity of the Kolkata-based GPT Group. A leading player in the infrastructure space, the company operates through two key segments – Infrastructure and Sleeper. Since its foray into the infrastructure sector in 2004, GPT has emerged as a key railway-focused EPC player, specialising in the execution of large-scale civil projects such as railway bridges and road overbridges (ROBs). In the Sleeper segment, GPT manufactures and supplies concrete sleepers for railway networks in India and select African markets. Its manufacturing facilities are strategically located in Panagarh (West Bengal), Ladysmith (South Africa), Tsumeb (Namibia), and Eshiem (Ghana).
Business Standard
21-07-2025
- Business
- Business Standard
GPT Infra soars after bagging project worth Rs 351 crore
GPT Infraprojects zoomed 8.78% to Rs 134.45 after the company announced that it has bagged a construction contract worth Rs 351 crore from Agra Gwalior Highway Private Limited. The contract involves the construction of a new major bridge, which includes a cable-stayed bridge, over the Chambal River. This work is part of the Agra Gwalior Greenfield Highway Project. GPT Infraprojects is the flagship company of GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisions: infrastructure and sleepers. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for railways. In sleepers, the company manufactures and supplies concrete sleepers for railways in India and Africa. The company's consolidated net profit increased by 49.72% to Rs 24.24 crore on a 29.06% increase in revenue to Rs 380.74 crore in Q4 FY25 as compared with Q4 FY24.
Business Insider
14-07-2025
- Business
- Business Insider
Macquarie Remains a Buy on GPT Group (GPTGF)
Macquarie analyst maintained a Buy rating on GPT Group today and set a price target of A$5.36. The company's shares closed last Wednesday at $3.28. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. GPT Group has an analyst consensus of Moderate Buy, with a price target consensus of $3.49. Based on GPT Group's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $512.3 million and a net profit of $48.7 million. In comparison, last year the company earned a revenue of $465.4 million and had a GAAP net loss of $238.9 million
Business Standard
04-07-2025
- Business
- Business Standard
GPT Infraprojects bags supply contract from Bangladesh-based Standard Engineers
GPT Infraprojects said that it has received a contract worth Rs 13 crore from Standard Engineers Limited, Bangladesh. The contract is for manufacture and supply of mono block pre-stressed concrete line sleeper for a project in Bangladesh. GPT Infraprojects is the flagship company of GPT Group and is a premier infrastructure company based out of Kolkata. The company operates through two business divisions: infrastructure and sleepers. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for railways. In sleepers, the company manufactures and supplies concrete sleepers for railways in India and Africa. The company's consolidated net profit increased by 49.72% to Rs 24.24 crore on a 29.06% increase in revenue to Rs 380.74 crore in Q4 FY25 as compared with Q4 FY24. The scrip advanced 3.68% to end at Rs 129.60 on the BSE.
