Gayatri Projects Shares Gain After Emerging As L1 Bidder For UP Project moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Gayatri Projects Ltd declared L1 bidder for EPC contract worth Rs.1323.52 crores
Posted On: 2021-01-01 00:48:55 (Time Zone: Arizona, USA)
Gayatri Projects Ltd has been declared as L-1 bidder for the project Development of six lane access controlled Highway in Uttar Pradesh portion of Delhi Saharanpur Highway from Delhi/UP Border to EPE Junction (Ch. 14.750 to Ch. 31.200) in Uttar Pradesh on EPC mode under Economic Corridor in phase1 of Bharatmala Pariyojana (P2) .
The value of the work is INR 1323.52 Crores (Rupees One Thousand Three Hundred and Twenty Three Crores and Fifty Two lakhs Only).
Shares of GAYATRI PROJECTS LTD. was last trading in BSE at Rs.39.25 as compared to the previous close of Rs. 37.4. The total number of shares traded during the day was 850907 in over 1384 trades.
Gayatri Projects rose 2.8% to Rs 40.35 after the company said it was declared a lowest bidder (L-1) for a project worth Rs 1,323.52 crore in Uttar Pradesh.The scope of the project involves development of six lane access-controlled highway in Uttar Pradesh portion of Delhi Saharanpur Highway on EPC mode under Economic Corridor in phase1 of Bharatmala Pariyojana.
The order was received from National Highway Authority of India (NHAI). The announcement was made during market hours today, 1 January 2021.
Gayatri Projects is the flagship company of the Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.
On a standalone basis, the company reported 58.5% drop in net profit to Rs 3.33 crore on a 14.4% rise in net sales to Rs 798.23 crore in Q2 FY21 over Q2 FY20.
Gayatri Projects declared L-1 bidder for a road project worth Rs 1,323.52 cr
NEW DELHI, Jan 1: Construction engineering company Gayatri Projects on Friday said it has been declared the lowest bidder for a road project worth Rs 1,323.52 crore.
The company has been declared as L-1 bidder for development of six-lane access controlled highway in Uttar Pradesh portion of Delhi Saharanpur Highway from Delhi/UP Border to EPE Junction in Uttar Pradesh on under Economic Corridor in phase l of Bharatmala Pariyojana, Gayatri Projects said in a regulatory filing.
The company said value of the work is Rs 1,323.52 crore.
(PTI)
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Construction engineering company Gayatri Projects on Friday said it has been declared the lowest bidder for a road project worth Rs 1,323.52 crore. The company has been declared as L-1 bidder for development of six-lane access controlled highway in Uttar Pradesh portion of Delhi Saharanpur Highway from Delhi/UP Border to EPE Junction in Uttar Pradesh on under Economic Corridor in phase l of Bharatmala Pariyojana, Gayatri Projects said in a regulatory filing. The company said value of the work is Rs 1,323.52 crore. Shares of Gayatri Projects Ltd were trading 2.55 per cent higher at Rs 40.25 on BSE.
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