Gayatri Projects secures two new orders along with Maytas Infra

Gayatri Projects Ltd has announced that the Company has secured two new orders along with Maytas Infra Ltd under Consortium (MAYTAS-GAYATRI CONSORTIUM) under SOT (Annuity) with a Total Projects Cost of Rs 880.00 Crores. Both the Company and Maytas Infra Ltd share of 50% each.

The first project received by the consortium is from The Chief General Manager (Tech), Hyderabad Growth Corridor Ltd, Hyderabad. The nature of the work is, Design, Construction, Development, Finance, Operation and Maintenance of Eight lane access controlled expressway under Phase - II A Programme as on extension of Phase - I of ORR to Hyderabad, Andhra Pradesh, India for the Package from Kollur to Patancheru from KM 12.00 to KM 23.70 (Project No.ORR/PH-IIA/BOT/AP-2) on Build, Operate and Transfer (BOT) (Annuity) Basis.

The Value of work is Rs.464.00 crores

The second contract is received from The Chief General Manager (Tech), Hyderabad Growth Corridor Ltd, Hyderabad.

The work involved is, Design, Construction, Development, Finance, Operation and Maintenance of Eight lane access controlled expressway under Phase - II A Programme as on extension of Phase - I of ORR to Hyderabad, Andhra Pradesh, India for the Package from Bongulur to Tukkuguda from KM 108.00 to KM 121.00 (Project No.ORR/PH-IIA/BOT/AP-4) on Build, Operate and Transfer (BOT) (Annuity) Basis.

The Value of the second work is Rs.416.00 crores. The total value of the 2 contracts is Rs.880.00 crores

Source : Equity Bulls

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