Gayatri Projects bags Rs 342 crore contract from B-RIDE

Gayatri Projects has secured a new contract worth Rs 342 crore, inclusive of all taxes except GST, from Bengaluru Integrated Rail Infrastructure Development Enterprise (B-RIDE), executed under a Joint Venture. The scope covers design and construction of formation works, embankments and cuttings, blanketing, bridges, retaining walls, drains, boundary walls, fencing and related infrastructure. The stretch runs from Bennigenahalli to Jakkur, spanning 6.259 km of at-grade section and 3.681 km of elevated viaduct, as part of Corridor-4 of the Bengaluru Suburban Transport Project (BSTP). Founded in 1963, Gayatri Projects is one of India’s oldest and most experienced pure-play EPC companies, with decades of experience executing major civil works across geographies and infrastructure segments. Disclaimer: Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. The above information is for educational and learning purposes only. The analyst or his associates do not hold any shares of the company and have no financial interest in it. SEBI Registered Research Analyst: Vineet Ashwinikumar Chawla SEBI Registration No: INH000008190 BSE Enlistment No: 5433