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Gayatri Projects Ltd.

BSE: 532767 Sector: Infrastructure
NSE: GAYAPROJ ISIN Code: INE336H01023
BSE 00:00 | 24 Apr 2020 Gayatri Projects Ltd
NSE 05:30 | 01 Jan 1970 Gayatri Projects Ltd

Receipt Of Claim Amount -Submission Of Information Pursuant To Regulation 30 Of SEBI (Listing Obliga

March 6, 2020, 5:34 pm | Source: BSE

Gayatri Projects Ltd would like to inform that one of its JV M/s. Gayatri ECI JV has received INR 44.00 crores from settlement of its claim related to AS11 project with NHAI. Further the JV has also successfully settled another claim of INR 42.00 crores related to AS27 project and expects cash flow in next 30 days. Both these projects were executed by M/s. Gayatri ECI JV. The Company share in the claim is in the ratio 56:44 (Gayatri: ECI)

The company is also at an advance stage of discussion with NHAI pertaining to its settlement of claim for its AS10 project.