City-based infrastructure development company Gayatri Projects Limited has secured a road project worth Rs 2,200 crore.
The project envisages four-laning of the Hyderabad-Karimnagar-Ramagundam road under public-private partnership.
Awarded by the Andhra Pradesh Road Development Corporation, the project will be executed on a design, construct, finance, operate and maintenance (toll) basis with a concession period of 25 years (including the construction period).
In a press release here on Wednesday, the company said the concessioning authority will provide an equity support of Rs 454 crore and the project will be completed in 30 months from now.
Gayatri Projects’ scrip ended the trade at Rs 416 on the BSE today, up 1.38 per cent over the previous close of Rs 410.35.
