Gayatri Projects bags contract worth INR 1339 crore

GAYATRI logo

 

Gayatri Projects Ltd has bagged a Rs. 1339.00 crore contract in joint Venture with M/s. Public Joint Stock Company ‘ Kyivmetrobud’ i.e Gayatri-KMB (JV), from National Highways Authority of India.

This project is to be executed under the EPC model, which is in line with the management’s decision to follow an asset-light model and reinforces Gayatri’s position as one of the leading highway builders in the country.

It is also the company’s first project in the state of J&K, and it now takes Gayatri’s presence to 15 States of India.

The stock was up 2% at Rs. 219.