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Gayatri Projects Ltd.

BSE: 532767 Sector: Infrastructure
NSE: GAYAPROJ ISIN Code: INE336H01023
BSE LIVE 19:40 | 19 Oct 188.35 0.20
(0.11%)
OPEN

190.50

HIGH

191.45

LOW

184.50

NSE 19:31 | 19 Oct 188.50 0.45
(0.24%)
OPEN

188.05

HIGH

192.65

LOW

184.80

OPEN 190.50
PREVIOUS CLOSE 188.15
VOLUME 1408
52-Week high 209.00
52-Week low 114.00
P/E 29.94
Mkt Cap.(Rs cr) 3,339
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 190.50
CLOSE 188.15
VOLUME 1408
52-Week high 209.00
52-Week low 114.00
P/E 29.94
Mkt Cap.(Rs cr) 3,339
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gayatri Projects Ltd. (GAYAPROJ) - Company History

Gayatri Projects Ltd is one of the fastest growing construction companies in India. The company is executing major civil works including construction of concrete or masonry dams, earthen dams, national highways, bridges, canals, aqueducts, airports, ports. The company is an ISO 9001 - 2000 certified company. The company's clients include National Highway Authority of India (NHAI), Irrigation Department, Andhra Pradesh, Airport Authority of India, Maharashtra State Road Development Corporation Ltd, Madhya Pradesh Road Development Corporation Ltd, Karnataka Jalabhagya Nigam Ltd and Maharashtra Industrial Development Corporation, Thane. Gayatri Projects Ltd was incorporated on September 15, 1989 as a private limited company with the name Andhra Coastal Construction Pvt Ltd in the state of Andhra Pradesh. The company was established with the object of undertaking construction activities. In April 1, 1994, the company took over all the assets of Gayatri Engineering Company, a partnership firm which was established in the year 1975 as 'Special Class Contractors' on a going concern basis. The name of the company was changed to Gayatri Projects Pvt Ltd with effect from March 31, 1994. In December 2, 1994, the company was converted into a public limited company and the name was changed to Gayatri Projects Ltd. During the year 1994-95, Videocon Appliances Limited and Videocon International Limited made investments into shares of the company. During the year 1996-97, they completed the construction of 'S' Bund and Platforms in difficult work conditions at Kakinada Port Project funded by ADB. They completed the filling of 50.00 lakh cu m in a record time of 8 months at Reliance Petroleum Ltd Project, Jamnagar. During the year 1997-98, the company formed a Joint Venture with IJM Corporation Berhad, Malaysia and secured Major Contracts of National Highways in Andhra Pradesh. During the year 2001-02, the company completed the work of extension and strengthening of Runway at Calicut Airport consisting of filling of 135 Mts Height deep gorge with 65.00 lakh cu m of earth. They completed construction of Asia's Biggest Canal having a width of 120 Mts at Narmada Main Canal, Gujarat. During the year 2002-03, they completed Construction of 270 MLD Water Treatment Plant at T.K.Halli, Bangalore. During the year 2005-06, the company awarded the ISO 9001:2000 and Q9001-2000 Quality Certificates by Amercian Quality Assurance International, LLC, USA. During the year 2006-07, the company was awarded 2 contracts on BOT annuity basis by NHAI in Uttar Pradesh in JV. They bagged new orders valued around Rs 85500 lakh and executed projects worth Rs 50212 lakh. They floated two special purpose vehicles (SPVs) in the name and style of Gayatri Jhansi Roadways Ltd and Gayatri Lalitpur Roadways Ltd for the purpose of Design, Construction, Development, Finance, Operation and Maintenance of Road between Jhansi to Lalitpur, in the State of UP with a stake of 83% by the company and balance by IDFC and others. The company shares were listed on the Mumbai Stock Exchange with effect from October 17, 2006. During the year 2007-08, the company bagged new orders valued around Rs 175,010 lakh. They received contracts for design, construction, development, finance, operation and maintenance of ORR from Bongulur to Tukkuguda - AP-4 in the State of Andhra Pradesh, at an estimated Project cost of Rs 36,200 lakh. Also, they received order for improvement of Naranpur-Pandapada - Harichandanpur - Brahmanipal - Duburi Road in the state of Orissa awarded to Gayatri-RNS joint vnture, at an estimated project cost of Rs 31,189 lakh. During the year 2008-09, the company bagged new orders valued around Rs 439,491 lakh. During the year 2009-10, the company and their joint ventures together bagged new orders valued around Rs 28,950 million. The Gayatri-JMC JV received contracts for widening and strengthening of Chittoor- Puttur Road from Km 3/200 to Km 64/00. The work order value is Rs 113.08 crore. DLF-Gayatri Consortium received contracts for six laning of Indore - Dewas Section of NH-3 from Km 577.550 to Km 610.000 and Km 0.000 to Km 12.600 (Approx. Length 45.05 Km) in the State of Madhya Pradesh Under NHDP Phase-V to be executed as BOT (Toll) Project. Also they received contracts for design, construction, finance, operation and maintenance of four-laning of Hyderabad - Karimnagar - Ramagundam Road (SH-1) from Km.28.200 to 235.058 in the State of Andhra Pradesh under Public Private Partnership (PPP) on Build, Operate, and Transfer (BOT) Basis. During the year 2010-11, they received the ISO 9001:2008 Quality Certificates by Amercian Quality Assurance International, LLC, USA. In October 2010, the company secured a new order under BOT (toll) of Rs 43.45 crore for engineering, design, site preparation, security, structural fabrication, supervision of handling and installation, packing, delivery at site, erection as per technical specification including associated civil road works and other facilities required for the construction of iron ore crushing plant for Kumaraswamy Iron ore crushing project at Donimalal, Bellary. In January 2011, the company bagged new order under civil & steel structural works for additional coal storage & handling system required for second phase expansion (2x120MW-Units 9&10) of the captive power plant of NALCO at Angul, Orissa. The cost of the project is Rs 21.77 crore. Also, they bagged new order under civil engineering works for the coal handling plant of M/s NTPC - BRBCL for 4x250MW power plant at Nabinagar, Bihar. The Project cost is Rs 68.09 crore. In February 2011, the company secured a new order from Government of Mizoram, Aizawl for Execution of Construction of two laning/ realignment from Km 11.500 to 130 of NH-44A in the state of Mizoram under phase 'A' of SARDP-NE for approximately Rs 544.75 crore.