Gayatri Projects has bagged a Rs. 306-crore order from the Centre for four-laning of a highway on the Andhra Pradesh-Tamil Nadu border.
“Gayatri Projects has secured a Rs. 306-crore contract for the four-laning of a highway on the Andhra Pradesh-Tamil Nadu border from the Ministry of Road Transport and Highways,” Gayatri Projects said in a BSE filing today.
Giving details, the company said the project is for rehabilitation and upgradation of NH-4 from km 133.36 to km 179.59 (Andhra Pradesh-Tamil Nadu border to Nalagampalli Village) to four-lane with paved shoulder in Andhra Pradesh on engineering, procurement and construction (EPC) basis.
This contract is on an EPC (Engineering, Procurement & Construction) basis, which furthers the management's plan to adopt an asset-light model, and reinforces Gayatri's position as one of India's top highway builders.
