Gayatri Projects in a joint venture with Russian Construction Company, PTPS, has secured a highway contract worth Rs 1255 crore. The contract is to be executed on an EPC (Engineering, Procurement & Construction) basis, which is in line with the management's decision to maintain an asset-light model. The company has received a contract from National Highway Authority of India (NHAI) for rehabilitation and up-gradation to 4- laning of Angul-Sambalpur Section of NH-42 (New NH No. 55) Km 112.00 to Km 265.00 in the State of Odisha under NHDP-IV on EPC Mode.
This contract win is also a strong signal of the management commitment to capitalize on the growing EPC opportunities, and comes on the heels of several new projects from a wide set of industries, ranging from National highways, to water distribution and underground mining. In the last 18 months, the company's order book has more than doubled to over Rs 10,000 crore on a robust inflow of orders, all of which have been through the EPC model.
Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4094.95 |
| Rail Vikas Nigam | 303.10 |
| NCC | 161.30 |
| KEC International | 580.10 |
| Kalpataru Projects | 1232.90 |
| View more.. | |
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