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Gayatri Projects gets nod to invest up to Rs 300 crore in subsidiary company

14 Nov 2011 Evaluate

Gayatri Projects has received an approval to invest up to Rs 300 crore in its subsidiary company. The board at its meeting held on November 14, 2011 has approved for the same.

Recently, the company had received an approval to incorporate a wholly owned subsidiary (WOS) of the company under the name - 'Sai Maatarini Tollways' for executing project i.e. the four- laning of Panikoili-Rimull section of NH-215 from 0.000 Km to 163.000 Km in the state of Orissa.

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.

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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