Published On:January 2 2018
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Gayatri Projects bags Rs. 583-cr NHAI contract.
Gayatri Projects Ltd., a Hyderabad-based infrastructure company, has bagged a Rs. 583-crore road project from the National Highways Authority of India.
The contract encompasses rehabilitation and uprgadation of Cuttack-Angul Section of NH-42 (NEW NH-55) to 4-lane between km 0+400 to km 60+200 in Odisha under NHDP Phase-III. The project is to be executed on EPC mode.
This Rs. 583-crore contract is in an addition to the Rs. 1,139-crore project won by the company on December 20, 2017 through a joint venture with public joint stock company 'Kyivmetrobud'.
The earlier project will be executed by Gayatri-KMB (joint venture). It was also awarded by the National Highways Authority of India under Bharatmala centrally-sponsored and funded road and highways project of the Government of India.