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Last Updated : Jan 27, 2015 12:33 PM IST | Source: CNBC-TV18

Gayatri Projects to aggressively bid for NHAI orders: MD

The total orderbook for Gayatri Projects at the end of December quarter is around Rs 6000 crore, said managing director, TV Sandeep Reddy.

TV Sandeep Reddy, managing director, Gayatri Projects in an interview to CNBC-TV18 spoke about the recent order win worth Rs 119 crore from Government of Chattishgarh, PWD.

The order forms part of Government of India and Asian Development Bank (ADB) agreement. It is two-lane road project for which the execution will start immediately, he added.

The total orderbook at the end of December quarter is around Rs 6000 crore, said Reddy.

When asked if they had more orders in the offing, he said  NHAI has come out with bids worth Rs 10,000 crore for which the company plans to bid aggressively. The tender dates would start from first week of February till March, he added.

Gayatri Projects Ltd. is the flagship company of the esteemed and well diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry. With an annual turnover of Rs.1812.53 crores, net worth of Rs.635.74 crores and total assets of Rs.3318.83 crore on a Standalone basis in FY14, it is one of India’s leading infrastructure players.


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First Published on Jan 27, 2015 11:00 am
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