04 Jan 2021
Gayatri is L1 on western UP Bharatmala segment
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.
