The construction company on Thursday said it received Letter of Award (LoA) on 23 September 2020 from Namami Gange & Rural Water Supply Department in Uttar Pradesh for construction of Kachonda Kalan Group of Villages Water Supply Scheme and relevant works, including commissioning and operation & maintenance for 10 years.
The bid project cost is Rs 196 crore. The project is in joint venture where the company's share is 80%.
Gayatri Projects is the flagship company of the Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry.
On a consolidated basis, the company recorded a net loss of Rs 13.77 crore in June quarter as compared to a net profit of Rs 48.08 crore reported in the same period last year. Net sales tumbled 32.1% to Rs 667.95 crore in Q1 FY21 over Q1 FY20.