Gayatri Projects bagged a highway contract worth Rs 1255 crore in JV with Russian company PTPS. The Indian company is the majority partner; and the Russian company is into construction. It is a 30-month contract.
Speaking to CNBC-TV18 V Sandeep Reddy, MD, Gayatri Projects, said that he expects margins from this order to be 14-15 percent.
The total order book for the company stands at Rs 12000 crore. Last year, Rs 5000 crore new orders came in. Watch video for more...
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