Published On:August 27 2015
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Gayatri Projects bags orders worth Rs. 3,318 cr from NHAI.
Gayatri Projects Ltd. has bagged multiple orders from the National Highways Authority of India worth Rs. 3',318 crore, taking the company's order book past Rs. 10,000 crore.
The Hyderabad-based infrastructure company has bagged four EPC road contracts, all of them in Uttar Pradesh and another road project in Haryana and Uttar Pradesh.
TV Sandeep Kumar Reddy, Managing Director of Gayatri Projects, said, 'These orders have significantly strengthened our order book. These contracts are also testament to our project execution capabilities and prudent bidding strategy. Our efforts are now directed towards efficiently executing these projects. We are confident of delivering 20-30 per cent revenue growth in our construction business over next 3-4 years.'
The company said the first two projects are four-laning of Ghaghra Bridge to Varanasi section of NH 233 from 180.450 km to 240.340 km and from 240.340 km to 299.350 km in the state of Uttar Pradesh under NHDP Phase-IV on EPC mode.
The first two projects are worth Rs. 741 crore and Rs. 785 crore, respectively.
The other two projects are four-laning of Sultanpur to Varanasi section of NH 56 from 134.70 km to 205 km and from 205 km to 263 km in the state of Uttar Pradesh under NHDP Phase-IV on EPC mode.
Value of the contract of these two projects are Rs. 986 crore and Rs. 806 crore, respectively.
In addition, the company had recently bagged order worth Rs. 675 crore from NHAI for six-laning of Eastern Periphery Expressway in Haryana and UP. All these projects are under National Highway Development Project Phase IV.