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Gayatri Highways Ltd.

BSE: 541546 Sector: Infrastructure
NSE: GAYAHWS ISIN Code: INE287Z01012
BSE 00:00 | 23 Sep 0.73 -0.03
(-3.95%)
OPEN

0.73

HIGH

0.79

LOW

0.73

NSE 00:00 | 23 Sep 0.75 0
(0.00%)
OPEN

0.70

HIGH

0.80

LOW

0.70

OPEN 0.73
PREVIOUS CLOSE 0.76
VOLUME 41451
52-Week high 1.27
52-Week low 0.56
P/E
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 0.73
CLOSE 0.76
VOLUME 41451
52-Week high 1.27
52-Week low 0.56
P/E
Mkt Cap.(Rs cr) 17
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Gayatri Highways Ltd. (GAYAHWS) - Company History

The Company was incorporated as 'Gayatri Domicile Private Limited' in December 28 2006. Consequent upon conversion into Public Limited Company under Section 18 of the Companies Act 2013 and the approval of Central Government signified in writing which had been accorded thereto by the RoC - Hyderabad dated 16 January 2018 the name of said Company changed to 'Gayatri Highways Limited'. The Company and jointly controlled entity is in the business of construction operation and maintenance of carriageways on toll and annuity basis pursuant to the development agreement with the National and State Governments and makes investments in companies engaged in construction operations and maintenance of roads motorways streets other vehicular and pedestrian ways highways vehicle bridges and tunnels subways and toll roads.The Company have a strong presence in the EPC (Engineering Procurement and Construction) construction of road irrigation and industrial projects across India. The Company executed projects comprising over 6842 Lane kms of roads and 3981 Lane Kms in progress 425 kms of irrigation canals including field channels and several industrial projects. In the development of assets the Company is making strong headway in owning and developing road and power assets. Gayatri Projects currently has 2 subsidiaries viz..Gayatri Energy Ventures Private Limited and Bhandara Thermal Power Corporation Limited.The Company is a core Investment Company promoted by Gayatri Projects Limited a leading Hyderabad Based Infrastructure Company. The Company operates as construction and investment company with 7 operational BOT Road Projects (SPVs) under it. The Company makes investments in companies engaged in the construction operation and maintenance of roads highways bridges and tunnels. Its operations are spread throughout India. The Company has 7 Operational BOT Road Assets under it 4 BOT Annuity and 3 BOT Toll Assets. The total value of the BOT Road Assets under the Company is Rs. 7043 Crores. In 1975 Company started as a Partnership Firm.In 1990 the Company was awarded for undertaking the project of first road work at the route of Aurangabad-Jalna-Jintur Road.In 1992 the Company undertook the Approach Berth and Back-up area at Kakinada Port work.In 1995 the Company expanded activities into manufacturing industries such as sugars & bio-organics.In 2005 the Company accredited as ISO certified. In 2006 the Company ventured into infrastructure investments such as Built Operate & Transfer (BOT) projects. In 2007 the Company expanded into hospitality business located at Park Hyatt Hyderabad. The facilities envisaged in the hotel comprises 290 Guest bays Coffee two speciality restaurants bar discotheque two banquet halls four conference halls two meeting rooms business centre cum board room health club/SPA lobby lounge swimming pool & its deck and other need based public / utility areas.In 2008 Company ventured into power sectors such as thermal hydro & wind.In 2009 the Company's turnover crossed Rs. 1000 Crores.In 2010 the Company completed Hyderabad ORR BOT (Annuity) Project.In 2014 the Company completed HKR Toll Project and started revenue operations.The Company has adequate knowledge and experience in handling various industrial projects. The Company executed various site preparation and grading projects construction of roads drains ponds reservoirs and industrial structures for reputed companies like NFCL Reliance Petroleum Jindal Vijzayanagar Steel Visakhapatnam Steel Plant HPCL etc. It executed specialized works for Indian Railways Ports and Airport Authority. It executed Construction of Railway line in 3 Sections i.e. KR-51 KR-55 & KR-57 for Koraput-Rayagada Lane Construction of approach Berths and Backup area at Kakinada Port for Kakinada Sea Ports Ltd. Andhra Pradesh. The Company as well executed extension and strengthening of Runway at 28th end of Calicut Airport Calicut. The Company intend to expand existing execution capabilities in industrial construction projects. For which it established a separate division for EPC works headed by a senior executive.As per the NCLT Order dated 3rd November 2017 and Composite Scheme of Arrangement between Gayatri Projects Ltd (the Transferee Company or the Demerged Company or GPL) Gayatri Infra Ventures Ltd (the Transferor Company or GIVL) and Gayatri Highways Ltd (Formerly Gayatri Domicile Pvt Ltd)(the Resulting Company or GHL) all the Infrastructure Road BOT Assets are merged with GPL thereafter all the Infrastructure Road BOT assets are demerged from GPL and transferred to GHL with effect from 24th November 2017.

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