´We are entering new specialised sectors where competition is low and margins are high.´
- TV Sandeep Kumar Reddy, Promoter and Managing Director, Gayatri Projects
A leader in the construction industry for over 50 years, Gayatri Projects has always thought long term. The company is mainly focused on EPC operations, which include roads, bridges, railways, dams, irrigation canals, underground mines, steel and power plants. ´The years 2010-2015 were most challenging, with over-aggressive bidding and a drop in awarded projects,´ says, TV Sandeep Kumar Reddy, Promoter and Managing Director, Gayatri Projects.
The company bid for projects with a reasonable profit margin. ´And since 2015, we have taken an aggressive but measured leap into bidding for new projects because we have seen a drop in competition,´ he adds. This strategy has more than doubled the company´s order book in the past year-and-a-half.
Also, Gayatri Projects has already emerged as one of the top winners of highway construction projects over the past year-and-a-half and will continue to bid aggressively in this sector. ´At the same time,´ Reddy shares, ´we are broadening our horizons by entering new specialised sectors such as underground mining, water supply and railways, where competition is low and margins are high.´ For these, the company is assembling expert teams in house, as well as partnering with global firms.