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Gayatri Projects hits pause button on bidding for new road projects

Road projects constitute 65-67% of the order book of the company

NHAI borrowings jump a little over 18 times to Rs 620 billion since 2014
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B Dasarath Reddy Hyderabad
Infrastructure company Gayatri Projects Limited has decided to hit the pause button on bidding for new road projects in the current financial year as its order book outgrew the targets in the first seven months. The order-book value of Gayatri has surpassed Rs 170 billion this year as compared to Rs 132 billion in the previous financial year, thanks to the road projects.   

The company on Wednesday bagged a new large order worth Rs 13.12 billion for the construction of the access-controlled Nagpur-Mumbai Super Communication Expressway package on EPC mode. 

"We are not going to bid for any more