Gayatri projects has received an amount of Rs 69.41 crore from its contractor Sunway Construction SDN, BDH, as settlement of its various
claims raised by the Company on the contractor.
The Company had executed a contract for rehabilitation and Upgrading of Kms 104 to Kms 170 of NH 25 lo 4 lane in the State of Uttar pradesh (Contract package No -EW II UP -4) as a sub contract from Sunway Construction SDN, BDH, Sunway has raised a total claim of Rs 80.00 crore on NHAI and out of total amount received, the company's share was settled at Rs 70.78 crore and the net amount received by the company after statutory deductions is Rs 69.41 crore.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
