Gayatri Projects secures two new Orders of Rs 140.26 Crores

Gayatri Projects Ltd has announced that the Company has secured Two new orders aggregating to Rs 140.26 crores. The company has received a project from The Superintending Engineer, Construction Circle, Ongole for Veligonda Project. The work includes additional works proposed, widening of Feeder canal to ultimate discharge of 328 Cumecs, Raising of Sunkesula dam from +230.00 M to +248.00 M

The value of the project is worth Rs 78.81 Crores.

The company has secured another project from The Superintending Engineer, Irrigation Circle, Bobbili for I & CAD - Nagavali River Strengthening of existing embankments and forming new flood banks with protection works and river training works - awarding of works for Package - II of Nagavali River

The value of this contract is worth Rs 61.45 Crores.

The stock was trading at Rs.268.90, up by Rs.11.20 or 4.35%. The stock hit an intraday high of Rs.270.95 and low of Rs.259. The total traded quantity was 102940 compared to 2 week average of 95146.

Source : Equity Bulls

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