GPT Infraprojects Limited (GPT) has completed the acquisition of 100% equity share capital of Alcon Builders and Engineers Private Limited for an aggregate cash consideration of ₹15,183 lakh. The transaction involves the purchase of 28,00,000 equity shares of ₹10 each from the existing promoters of Alcon. With this acquisition, Alcon has become a wholly owned subsidiary of GPT.
The company informed the stock exchanges that the transaction was concluded on February 27, 2026. As part of the acquisition, Mr Vaibhav Tantia and Mr Amrit Jyoti Tantia have been appointed as Non-Executive Directors on the Board of Alcon.
Alcon Builders and Engineers Private Limited is an established EPC contractor specialising in signalling, telecommunication, and allied works for Indian Railways. Incorporated on December 2, 1988, the company has over three decades of execution experience within the Indian Railways ecosystem. For the financial year 2024–25, Alcon reported a turnover of ₹10,020 lakh. The company operates exclusively in India and has maintained steady revenues over the past three financial years.
The acquisition enables GPT to enter the high-margin signalling EPC segment, strengthening its longstanding association of over 40 years with Indian Railways. By integrating Alcon’s pre-qualified platform with GPT’s operational governance and financial discipline, the company aims to enhance its product portfolio, expand its market presence, and accelerate growth in the railway signalling domain.
GPT stated that the strategic intent behind the acquisition is to obtain management and operational control of Alcon and integrate its operations to achieve commercial and operational synergies. The move is expected to strengthen GPT’s overall EPC portfolio and position the company to capitalise on the expanding capital expenditure pipeline in the railway infrastructure sector.
The transaction does not fall under related party transactions, and no promoter or group companies have any interest in the entity being acquired. No governmental or regulatory approvals were required for the completion of this acquisition.
