Gayatri Projects has received four (4) Letter of Awards (LoAs) for Pipe Drinking Water Schemes from Namami Gange and Rural Water Supply Department in the State of Uttar Pradesh, in joint venture where theCompany's share is 97.5% for a total value of Rs 1,748 crore. All the above LoAs pertain to water division.

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Gayatri Projects announced that CARE has upgraded the credit ratings as under:

Long term bank facilities - CARE B; Stable (upgraded from CARE D)
Long term/ short term bank facilities - CARE B; Stable/ CARE A4 (upgraded from CARE D)

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The scope of the project involves development of six lane access-controlled highway in Uttar Pradesh portion of Delhi Saharanpur Highway on EPC mode under Economic Corridor in phase1 of Bharatmala Pariyojana.

The order was received from National Highway Authority of India (NHAI). The announcement was made during market hours today, 1 January 2021.

Gayatri Projects is the flagship company of the Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.

On a standalone basis, the company reported 58.5% drop in net profit to Rs 3.33 crore on a 14.4% rise in net sales to Rs 798.23 crore in Q2 FY21 over Q2 FY20.

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Gayatri Projects has been declared as L-1 bidder for the NHAI project entailing construction of six lane access controlled Highway in Uttar Pradesh portion of Delhi Saharanpur Highway from Delhi/UP Border toEPE Junction (Ch.14.750 to Ch.31.200) in Uttar Pradesh on EPC mode under Economic Corridor in phase1 of Bharatmala Pariyojana (P2). The value of the work is Rs 1323.52 crore.

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