Gayatri Projects Bagged Orders From NHAI Worth INR 9230 Million
Gayatri Projects bagged two new orders worth INR 5290 million and INR 3940 million from National Highways Authority of India (NHAI). Details of the projects are furnished below:
|S.No.||Name of the Employer||Name of Work||Value of the Contract|
|1||National Highways Authority of India||Rehabilitation and Upgradation of 4 Laning of Cuttack - Angul Section of NH-42 (new NH-55) from Km. 60.200 to Km. 112.000 (Package - 2) in the State of Odisha under NHDP PHASE - III on EPC mode|| INR 5290 million|
|2||National Highways Authority of India||4 Laning of Rajamunda-Barkotesection of NH-23 (New NH-143 from Km.287.22 to Km.337.185 in the State of Odisha under NHDP - IV on EPC mode||INR 3940 million|
These projects will be executed on an EPC (Engineering, Procurement & Construction) basis in line with the management's decision to follow an asset-light model, and will further reinforce Gayatri's position as one of India's top highway builders.
These contracts also come on the heels of 2 recent highway construction projects in the State of Odisha - 1) INR 12550 million NH-42 (New NH-55) Angul-Sambalpur, and 2) INR 5830 million NH-42 Cuttack-Angul Package - 1. With these 4 new projects in close proximity, Gayatri plans to reap the benefits of economies of scale, improved planning, and optimized procurement and utilization of resources and equipment. This 'cluster-approach' is a key competitive strategy adopted by Gayatri over the years, the most recent example of which is the cluster of 4 highway projects near Varanasi, UP.
These projects are under the NHDP, the National Highway Development Programme, that has transformed the transportation landscape of India. Gayatri is proud to continue building national infrastructure under this programme, which will have a significant positive impact on the India growth story for decades to come. Gayatri Projects currently has an EPC order-book of over INR 150000 million across India.
- Issued By:NATIONAL HIGHWAYS AUTHORITY OF INDIA
- Bagged By:
- Region:Eastern India
- Value:INR 9230 Million
- Published On:2018-01-17