MoneyWorks4Me

Gayatri Projects arm gets Corporate Guarantee of Rs 1,397.35 crore

30 Apr 2013 Evaluate

Gayatri Projects - wholly owned subsidiary - Sai Maatarini Tollways has tied-up for the total debt required for the project and as a part of the sanction terms, the board has approved to issue Corporate Guarantee to the extent of Rs 1,397.35 crore in favor of Security Trustee, for the consortium lenders.

Gayatri Projects, 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.

Peers
Company Name CMP
Larsen & Toubro 3878.05
Kalpataru Projects 1442.30
NCC 136.75
Rail Vikas Nigam 207.35
KEC International 399.00
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