Gayatri Project wins arbitration award worth Rs.914.3 cr for Nagaland Project

Award of Arbitration Claim Worth INR 9,143 Million - Disclosure in terms of Regulation 30(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 Reg.,

HYDERABAD | MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Hyderabad infra players Gayatri Projects Ltd said of having won arbitration award for Nagaland project amounting worth Rs. 9,143 million rupees (~914.3 crore) rupees.

The company statement submitted to the Indian Bourses, titled “Award of Arbitration Claim WoÊh INR 9,143 Million,” read that Gayatri Projects is pleased to announce the award of an arbitration claim wofth INR 9,143 million, in favour of its JV with IL&FS Engineering & Construction Company Ltd (formerly known as Mytas Infra Ltd) for the Nagaland Project.