Gayatri Projects secures a new order under BOT with project cost of Rs 602.00 crores

March 30, 2010

Gayatri Projects Limited has secured a new order under BOT (Toll) with a total project cost of Rs 602 crores.

The company has agreed to pay a premium of Rs 24.10 crores, to NHAI annually and has a right to collect Toll on the existing four lane highway through its SPV.

The BOT order is for six laning of Indore-Dewas of NH-3 from KM 577.550 to KM 610 and KM 0 to KM 12.60 (approx. length of 45.05 km) in the state of Madhya Pradesh under NHDP Phase-V to be executed as BOT (Toll) Project on DBFOT pattern – Letter of Award (LOA).

The stock was trading at Rs.385, down by Rs.5.95 or 1.52%. The stock hit an intraday high of Rs.403.60 and low of Rs.378.25.

The total traded quantity was 97457 compared to 2 week average of 71461.

Source: Equity Bulls

Written by ITW Editor · Filed Under Uncategorized

Gayatri Projects bags contract from NHAI

March 30, 2010

Construction firm Gayatri Projects today said it has bagged a road project worth Rs 602 crore from the National Highways Authority of India (NHAI).

The company has bagged the contract for six laning of 45 km stretch on Indore-Dewas national highway on build, operate, transfer (BOT) basis, Gayatri Projects said in a filing to the Bombay Stock Exchange (BSE).

“The company has agreed to pay a premium of Rs 24.10 crore to the NHAI annually and has a right to collect toll on the existing four lane highway through its SPV,” it said.

Shares of Gayatri Projects were trading at Rs 385 on BSE, down 1.52 per cent from its previous close.

Source: mydigitalfc.com

Written by ITW Editor · Filed Under Uncategorized

Gayatri Projects bags contract worth Rs 602 cr from NHAI

March 30, 2010

MUMBAI: Construction firm Gayatri Projects today said it has bagged a road project worth Rs 602 crore from the National Highways Authority of India (NHAI).

“The company has agreed to pay a premium of Rs 24.10 crore to the NHAI annually and has a right to collect toll on the existing four lane highway through its SPV,” it said.

Shares of Gayatri Projects were trading at Rs 385 on BSE, down 1.52 per cent from its previous close.

Source: economictimes.indiatimes.com

Written by ITW Editor · Filed Under Uncategorized