Gayatri Projects gets approval to issue commercial papers upto Rs 75 crore

11 Jul 2011

Gayatri Projects has received an approval to issue commercial papers in the form of usance of promissory note(s) or such other form for an amount not exceeding Rs 75.00 crore. The company has received an approval at its board meeting held on July 09, 2011.

Recently, Gayatri Projects had bagged new order for supply and erection work of 400KV D/C Mundra- Zerda line no. 1 on turnkey basis package III 156.103km from Gujarat Energy Transmission Corporation. As per the company estimates the cost of the project will be Rs 42.47 crore and Rs 7.58 crores for supply and erection work respectively.  The total cost of the project will be 50.06 crore.

Gayatri Projects (GPL), an ISO 9001 - 2000 company, is one of the fastest growing construction companies in India executing major civil works including construction of concrete/masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports, etc.

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