Gayatri Projects to execute Rs 500-cr work in freight corridor contract

The company will be handling the earth work and concreting

Hyderabad-based Gayatri Projects today informed the stock exchanges about the award of Rs 4,744 crore contract for designing and building Iqbalgarh-Vadodara section of the Western Dedicated Freight Corridor project to the Sojitz-led consortium in which it is a partner.

Last month, Dedicated Freight Corridor Corporation of India awarded the contract to the consortium comprising Sojitz Corporation, L&T and Gayatri Projects.

Gayatri is expected to have a Rs 450-500 crore worth of EPC work share in this contract. It will be handling the earth work and concreting, according to a company official.

"The company is pleased to be associated with such notable partners as Sjitz Corporation, a major Japanese conglomerate, and L&T, India's largest infrastructure company. Winning this prestigious project shows the management's commitment to capitalise on the growing EPC opportunities across various sectors," the company said.