Gayatri Projects in focus as the company has got clearance from the National Company Law Tribunal (NCLT) for restructuring its road assets business. In an interview to CNBC-TV18, TV Sandeep Reddy, MD of Gayatri Projects spoke about the results and his outlook for the company.
Gayatri Projects in focus as the company has got clearance from the National Company Law Tribunal (NCLT) for restructuring its road assets business.
In an interview to CNBC-TV18, TV Sandeep Reddy, MD of Gayatri Projects spoke about the results and his outlook for the company.
The company will amalgamate road assets into company and then demerge business into Gayatri Highway.
We have seven roads assets with project cost worth Rs 7000 crore, which are going to be demerged and will be held by this new company, he said.
There are about four annuity projects and three toll projects. This whole process may take two-three months, he added.
Gross shareholder capital will be Rs 950 crore but our share of equity in this is around Rs 600 crore, said Reddy.
Initial book value of Gayatri Highway will be Rs 125 crore, he further mentioned.
We are very confident of winning more orders on the engineering, procurement and construction (EPC) space, he said.
For full interview, watch accompanying video...
