Gayatri Projects bags NHAI project
Gayatri Projects Ltd (GPL) has won a National Highway Authority of India (NHAI) project to construct a six-lane highway between Indore and Dewas in Madhya Pradesh. The total project cost is Rs602 crore.
The Four lane of the project is already operational and the Six Lane of this project, with a total length of 45 Km, under the National Highway Development Program -V is expected to be operational in the next 30 months.
The project will be executed on a design, build, finance, operate and transfer (toll) basis with a concession period of 25 years, including the construction period.
Commenting on the order, Sandeep Reddy, Managing Director, Gayatri Projects Limited said: “The recent order from NHAI only manifests the company’s core competency in the road construction sector. With the government thrust on improvement of road infrastructure, Gayatri Projects Limited is keen to play its role in nation building."