Gayatri Projects (GPL), an infrastructure company, has bagged a contract worth Rs 3.06 billion for the four laning of a highway on the Andhra Pradesh-Tamil Nadu border from the Ministry of Road Transport & Highways (NHDP-IVA Cell).

This contract is on an EPC (engineering, procurement & construction) basis, which furthers the management's plan to adopt an asset-light model, and reinforces the company’s position as one of India's top highway builders.

Shares of the company gained Rs 22.7, or 3.65%, to trade at  Rs 645.00.  The total volume of shares traded  was  6,454 at the BSE (11.59 a.m., Thursday).