Gayatri Projects is currently trading at Rs. 141.35, up by 2.60 points or 1.87% from its previous closing of Rs. 138.75 on the BSE.
The scrip opened at Rs. 138.45 and has touched a high and low of Rs. 142.85 and Rs. 137.55 respectively. So far 42,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 158.00 on 23-Sep-2016 and a 52 week low of Rs. 99.75 on 29-Mar-2016.
Last one week high and low of the scrip stood at Rs. 142.85 and Rs. 136.00 respectively. The current market cap of the company is Rs. 2,503.00 crore.
The promoters holding in the company stood at 47.48% while Institutions and Non-Institutions held 40.62% and 11.90% respectively.
Gayatri Projects has secured Rs 1,363.48 crore irrigation contract in Joint Venture (JV) with RNS Infrastructure (RNS) and Sadguru Infratech (SIPL) from Executive Engineer, Karnataka Neeravari Nigama. The project entails the execution of a lift irrigation system to provide irrigation for an area of 27,462 hectares. The contract also involves operations and maintenance of the system for 5 years after commissioning.
The contract is for Design, Supply, Installation, Testing and Commissioning of Lift Irrigation system (Head Works consisting of Intake canal, Jack well cum pump house, power supply, Rising Main and Delivery system including aqueducts for providing Irrigation facility for 27,462.00 Ha including Operation and Maintenance for a period of 5 years after successful commissioning on Lump Sum Turn-Key Basis for Basaveshwara (Kempwad) Lift Irrigation Scheme in Athani Taluka, Belagavi District, Karnataka.
Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects.