Gayatri projects surges nearly 3% on bagging orders worth 2756cr

Myequity news service | Date: 10-07-2018 13:45:00 IST

Gayatri Projects Limited emerged as lowest L1 bidders for development of Purvanchal Expressway Project (Package-I and Package-II) worth 2756cr.

Below are the details of the project:

  • Development of Purvanchal Expressway Project (Package-I): From Chand Sarai (Dist. Lucknow) to Sansara (District Barabanki) (km (-) 0 + 270 to 40+200) in the state of Uttar Pradesh on EPC Basis. Project cost is Rs.1483.00 Cr.
  • Development of Purvanchal Expressway Project (Package-II): From Sansara (District Barabanki) to Jaraikala (Dist. Amethi) (km 40+200 to km 79+900) in the state of Uttar Pradesh on EPC Basis. Project cost is Rs.1276.00 Cr.

Stock is currently trading at Rs. 177.55 up 2.93%. Share price reached intraday high of 179.80 (4.2%).

About Gayatri Projects Ltd :

Gayatri Projects Ltd. is the flagship company of the esteemed and well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry. With an annual turnover of Rs.1812.53 crores, net worth of Rs.635.74 crores and total assets of Rs.3318.83 crore on a Standalone basis in FY14, it is one of India’s leading infrastructure players.


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