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Gayatri Projects soars on securing order worth Rs 583 crore from NHAI

01 Jan 2018

Gayatri Projects is currently trading at Rs. 232.50, up by 6.10 points or 2.69% from its previous closing of Rs. 226.40 on the BSE.

The scrip opened at Rs. 227.00 and has touched a high and low of Rs. 234.50 and Rs. 227.00 respectively. So far 27065 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 234.50 on 1-Jan-2018 and a 52 week low of Rs. 124.60 on 30-Jan-2017.

Last one week high and low of the scrip stood at Rs. 234.50 and Rs. 215.00 respectively. The current market cap of the company is Rs. 4129.97 crore.

The promoters holding in the company stood at 47.48%, while institutions and non-institutions held 39.67% and 12.85% respectively.

Gayatri Projects has bagged a new order of Rs 583 crore from National Highways Authority of India (NHAI). The contract is for rehabilitation and up-gradation of Cuttack-Angul Section of NH-42 (NEW NH-55) to 4-lane (km. 0+400 to k.m.60+200) in the state of Odisha under NHDP Phase-III on EPC Mode, pkg-1.

This is an addition to the recent project won by the company on December 20, 2017 worth Rs 1139 crore in joint Venture with Public Joint Stock Company ‘Kyivmetrobud’ i.e. Gayatri-KMB (JV), from National Highways Authority of India under Bharatmala centrally-sponsored and funded road and highways project of the Government of India.

Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects.

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Gayatri Projects Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323