Sep 25, 2017 12:06 PM IST | Source: Moneycontrol.com
Gayatri Projects up 2% on order win worth Rs 1483 crore
The project is expected to provide a major boost to water-intensive crops such as sugarcane and banana, as well as to the associated agro-industries.
Moneycontrol News
Shares of Gayatri Projects gained 2.8 percent intraday Monday as its JV company has bagged order worth Rs 1,483 crore.
The company has won Rs 1483 crore irrigation project for the formation of Sri Komaravelli Mallanna Sagar Reservoir with a capacity of 50 TMC in a joint venture with NCC and HES.
The project is expected to provide a major boost to water-intensive crops such as sugarcane and banana, as well as to the associated agro-industries.
The share price has increased by 50 percent in the last 9 months.
At 12:02 hrs Gayatri Projects was quoting at Rs 189, up Rs 3.65, or 1.97 percent on the BSE.
Posted by Rakesh Patil
