The construction company on Saturday (28 November 2020) said it received letter of award (LoA) from Namami Gange & Rural Drinking Water Department in Uttar Pradesh.
The project is for construction of Jhakhaun Birdha, Dorra Balabehat Kadesara Kalan & Mau group of villages water supply scheme, district-Lalitpur and relevant works including commissioning and operation and maintenance of the same for a period of 10 years, the company said in a BSE filing made on Saturday (28 November 2020). The bid project cost is Rs 395.98 crore.
Gayatri Projects is the flagship company of the Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.
On a standalone basis, the company reported 58.5% drop in net profit to Rs 3.33 crore on a 14.4% rise in net sales to Rs 798.23 crore in Q2 FY21 over Q2 FY20.
Shares of Gayatri Projects rose 2.41% to Rs 31.90 on Friday.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.