GPT Infraprojects Ltd JV receives arbitration amount

The Joint Venture of GPT Infraprojects Limited has received the arbitration amounts from the respective Customer, pursuant to which the Company's share has been transferred to the bank account of the Company as per below details.

GPT Rahee JV - Ganga Bridge Fabrication Contract vide agreement no IRCON/2044/Ganga Bridge/05 dated January 22, 2009 - Customer: IRCON International Limited - Amount settled under the Vivad Se Vishwas II Settlement Scheme - Rs. 728.85 Lakh - 57% is the shareholding of the Company in the Joint Venture.

GPT Rahee JV - Ganga Bridge Erection Contract vide agreement no. IRCON/2044/Ganga Bridge/07 dated March 27, 2009 - Customer: IRCON International Limited - Amount settled under the Vivad Se Vishwas II Settlement Scheme - Rs. 445.74 Lakh - 57% is the shareholding of the Company in the Joint Venture.

Shares of GPT Infraprojects Limited was last trading in BSE at Rs. 140.00 as compared to the previous close of Rs. 141.00. The total number of shares traded during the day was 11810 in over 37 trades.

The stock hit an intraday high of Rs. 140.90 and intraday low of 138.20. The net turnover during the day was Rs. 1643488.00.

Source : Equity Bulls

Keywords

GPTInfraprojects INE390G01014 ArbitrationAmount