Gayatri Projects to bid for Rs 50 billion road projects

18 Mar 2010, 1250 hrs IST, REUTERS


MUMBAI: Infrastructure firm Gayatri Projects is the lowest bidder for road projects worth about 23 billion rupees and will bid for road projects worth at least 50 billion rupees before June, a top official said. 

"We are qualified for another 50 projects of NHAI (National Highways Authority of India)...We will be bidding, so we might be successful in another two or three more," Managing Director TV Sandeep Reddy told Reuters in a telephonic interview.

The firm's current order book stands at 60 billion rupees, he added.

"We are confident of getting another 2,000 crores of NHAI projects." Source: ET