GPT Infraprojects Limited (GPTINFRA) has strengthened its position in India’s infrastructure sector with a major order win from the National Highways Authority of India (NHAI). The company announced on December 31, 2025, that it has secured a contract worth ₹669.2 crore, following its earlier declaration as the L1 (lowest bidder) on December 22, 2025.
Project Overview
The newly awarded contract involves the construction of a four-lane elevated road in Jodhpur, Rajasthan. The project stretch will run from Mahamandir to Akhaliya Chouraha, a critical urban corridor expected to significantly ease traffic congestion and improve connectivity within the city.
Awarding Authority: National Highways Authority of India (NHAI)
Project Type: Four-lane elevated road
Location: Jodhpur, Rajasthan
Joint Venture Structure
The project will be executed through a joint venture between GPTINFRA and ISCPPL. Under this arrangement, GPT Infraprojects holds a 51% stake, translating to an effective contract value of approximately ₹341.3 crore for the company.
Execution Timeline
GPTINFRA is required to complete the project within 912 days from the Appointed Date, aligning with NHAI’s structured timelines for large urban infrastructure projects.
Executed Under HAM Mode
The project will be developed under the Hybrid Annuity Model (HAM). In this model, the government typically supports the project by funding a portion of the construction cost, while the developer arranges the balance and recovers it through fixed annuity payments over time. This structure helps reduce revenue risk for developers while ensuring steady cash flows during the operational phase.
Strong Impact on Order Book
This order significantly enhances GPTINFRA’s financial visibility:
Outstanding Order Book: ₹4,655 crore
Total Order Inflow in FY26 (to date): ₹1,759 crore
A growing order book provides long-term revenue visibility and ensures consistent execution activity over the coming years.
About GPT Infraprojects Limited
Headquartered in Kolkata, GPT Infraprojects Limited is the flagship company of the GPT Group. The company operates across two key business segments:
Infrastructure: Roads, bridges, and civil construction projects
Sleeper: Manufacturing concrete sleepers for railway networks in India and select African countries
GPTINFRA also maintains a global manufacturing footprint with facilities in West Bengal, South Africa, Namibia, and Ghana.