Gayatri Projects Secured A Highway Contract In Odisha
Gayatri Projects has secured INR 12550 million highway contract in a joint venture with Russian Construction company PTPS, the details of which can be found below:
Name of the Employer
Name of Work
Value of the
National Highway Authority of India (NHAI)
Rehabilitation and up-gradation to 4laning of Angul-Sambalpur Section of NH-42 (New NH No. 55) Km. 112,000 to Km.265.000 in the State of Odisha under NHDP-IV On EPC Mode
The contract is to be executed on an EPC (Engineering, Procurement & Construction) basis, which is in line with the management's decision to maintain an asset-light model. This contract win is also a strong signal of the management commitment to capitalize on the growing EPC opportunities, and comes on the heels of several new projects from a wide Set of industries, ranging from National highways, to water distribution and underground mining. In the last 18 months, the company's order book has more than doubled to over RS. 10,0000 million on a robust inflow of orders, all of which have been through the EPC model.
This project is under NHDP-IV, that is, the fourth phase of the National Highway Development Programme that has transformed the transportation landscape of India. Gayatri is proud to build yet another highway under this programme, which will have a significant positive impact on the India growth story for decades to come.
- Issued By:NATIONAL HIGHWAYS AUTHORITY OF INDIA
- Bagged By:
- Region:Eastern India
- Value:INR 12550 Million
- Published On:2016-09-23