Gayatri Projects wins NHAI contract worth Rs 583-crore

Gayatri Projects Ltd has acquired a Rs 583-crore road project from the National Highways Authority of India.

According to the Hyderabad-based infrastructure company, the contract encompasses rehabilitation and uprgadation of Cuttack-Angul Section of NH-42 (NEW NH-55) to 4-lane between km 0+400 to km 60+200 in Odisha under NHDP Phase-III. The project is to be executed on EPC mode.

This Rs 583-crore contract is in an addition to the Rs 1,139-crore project won by the company on December 20, 2017 through a joint venture with public joint stock company ‘Kyivmetrobud’.

The earlier project will be executed by Gayatri-KMB, a joint venture. It was also awarded by the National Highways Authority of India under Bharatmala, a centrally-sponsored and funded road and highways project.

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News Reporter