Gayatri is L1 on western UP Bharatmala segment

04 Jan 2021 CW Team

According to the regulatory filing by the company with the Bombay Stock Exchange (BSE), Gayatri Projects has been declared the L1 bidder for a portion of the Bharatmala Pariyojana. This segment of the Economic Corridor under Phase 1 of the programme is the Uttar Pradesh portion of the six-lane, access-controlled Delhi-Saharanpur Highway from Delhi-UP border to EPE Junction in UP. The cost of the project, per the filing, is Rs 1,323.52 crore.

The 58-year-old Gayatri Group owns Gayatri Projects, which has assets of Rs 5,864 crore. The company’s share rose 4% in trade on Friday at the BSE after construction engineering company said it has been declared the lowest bidder.

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