The shares of an Indian Castings & Forgings company have surged 4 percent from its day’s low price, while the company receives a contract worth 32.21 crores from the Larsen & Toubro
The shares of GTV Engineering Ltd, with a market capitalization of Rs.259.20 crores on Tuesday. Its shares are trading at a CMP of Rs 829.75, against the previous closing price of Rs 826.10. The stock has recovered close to 4 percent from the day’s low, and the stock has given a staggering return of 61.16 percent over the past 6 months.
What’s the news
GTV Engineering Limited has announced the receipt of a significant order from Larsen & Toubro (L&T) dated May 17, 2025. The order involves the supply of all Lower and Middle Fabricated Housings required for the NTPC Gadarwara for 3200 MW and NTPC Nabinagar for 1000 MW Thermal Power Projects. The execution timeline for the order is 18 months, and all work will be carried out as per L&T’s technical specifications and terms outlined in the purchase order.
The total order value is Rs 32.21 crores (excluding GST), marking a major addition to GTV Engineering’s project pipeline. This contract is part of the company’s regular business operations and further strengthens its presence in the power infrastructure sector through continued collaboration with major industry players like L&T.
About the company
GTV Engineering Ltd is engaged in high-tech fabrication, providing Vital Fabrication Inputs (Hi-Tech Heavy Steel Fabrication), as a subcontractor, to large engineering companies and manufacturing jobs as per customer requirements. It executes Infrastructural Projects related to Power, Mineral, Cement, Railways & Metro projects.
The company’s revenue from operations has reduced by 34.65 percent from Rs. 34.08 Crores in Q4FY24 to Rs. 22.27 Crores in Q4FY25, whereas the net profits of the company have grown by 84.55 percent from Rs. 2.33 crores in Q4FY24 to Rs. 4.3 Crores in Q4FY25.
Written by Likesh Babu S
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