Gayatri Projects (GPL) is at an advanced stage of monetising its arbitration awards worth over Rs 900 crore and the proceeds from the same would be used towards de-leveraging the firm.
The Government of India in November approved measures to Fast-track the monetisation of Central Government Arbitral Awards and hence GPL is now at an advanced stage of monetising its arbitration awards. Subsequently the company would regularise its accounts in the current quarter.
Gayatri Projects is the flagship company of the esteemed and well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.
