Gayatri Projects bags Rs 1,130 cr road proj in JV with Maytas

NEW DELHI: Infrastructure firm Gayatri Projects today said it has won a Rs 1,130.67 crore road project, in joint venture with Maytas Infra, from Nagaland government.

"The Gayatri Projects Ltd--Maytas Infra Ltd will have a share in the ratio of 50:50 respectively," the Hyderabad-based company said.

"The project entails the two-laning of existing single lane roads of approximately 329 kms in Nagaland," it added.

Under the project existing stretches in the state -- Longleng - Changtongya (32 km), Mon-Tamlu-Merangkong (105 kms), Phek- Pfutzero (74 kms) and Zunheboto-Chakabama (118 kms) would be upgraded to two-lanes.

"We will be deploying the best technical expertise and engineering for this project and are hopeful of completing it within the stipulated period," said Managing Director, Gayatri Projects, Sandeep Reddy.

The company claimed it has undertaken various highways projects in several states and its order book stood at about Rs 8,000 crore.