 "Gayatri Projects gains on strong order book positions")
Gayatri Projects has moved higher by 6% at Rs 627 on the BSE after the company said that it has achieved L1 positions in projects in roads, railways, industrial & water sectors in recent past ? and hope to convert them into orders within the current quarter.
New orders worth Rs 1,100 crore were picked up during the March quarter – with order?backlog of Rs 10,974 crore at the end of the year, Gayatri Projects said in a statement.
Orders picked?up across road (North?east), railway (Western India) & Mining (Dhanbad) sectors and achieved further L1 positions across road works, civil works & water works, it added.
The company said revenue visibility remains quite strong on the back of robust order book ? expect 25?30% revenue growth over next 3?4 years – with much stronger growth in the near?term.
At 01:13 PM, the stock was trading at Rs 623 on the BSE, as compared 0.11% fall in the S&P BSE Sensex. A combined 80,736 shares changed hands on the counter on the BSE and NSE so far.
New orders worth Rs 1,100 crore were picked up during the March quarter – with order?backlog of Rs 10,974 crore at the end of the year, Gayatri Projects said in a statement.
Orders picked?up across road (North?east), railway (Western India) & Mining (Dhanbad) sectors and achieved further L1 positions across road works, civil works & water works, it added.
The company said revenue visibility remains quite strong on the back of robust order book ? expect 25?30% revenue growth over next 3?4 years – with much stronger growth in the near?term.
At 01:13 PM, the stock was trading at Rs 623 on the BSE, as compared 0.11% fall in the S&P BSE Sensex. A combined 80,736 shares changed hands on the counter on the BSE and NSE so far.
