Moneycontrol
Last Updated : Jan 01, 2018 12:32 PM IST | Source: Moneycontrol.com

Gayatri Projects hits 52-week high on order win worth Rs 583 crore from NHAI

The company has received shareholders’ approval for raising of funds by issue of securities in its AGM held on December 30, 2017.

Shares of Gayatri Projects touched 52-week high of Rs 234.50, rising 3.6 percent intraday Monday as it has won order worth Rs 283 crore.

The company has bagged a new order of Rs 583 crore from National Highways Authority of India.

The contract includes, rehabilitation and upgradation of Cuttack-Angul section of NH-42 (NEW NH-55) to 4-lane in the state of Odisha under NHDP Phase-III on EPC Mode, pkg-1.

This is an addition to the recent project won by company on December 20, 2017 (worth Rs 1139 crore) in joint Venture with Public Joint Stock Company Kyivmetrobud i.e Gayatri-KMB (JV), from National Highways Authority of India under Bharatmala centrally-sponsored and funded road and highways project of the Government of India.

The company has received shareholders’ approval for raising of funds by issue of securities in its AGM held on December 30, 2017.

At 11:50 hrs Gayatri Projects was quoting at Rs 233.90, up Rs 7.50, or 3.31 percent on the BSE.

Posted by Rakesh Patil
First Published on Jan 1, 2018 11:58 am
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