Hyderabad : Hyderabad-based infrastructure and construction company Gayatri Projects Limited has said it has secured a Rs 1363 crore irrigation contract in Karnataka.
The contract for the Basaveshwara (Kempwad) lift irrigation scheme in Athani taluka in Belagavi district of Karnataka has been bagged in joint venture with RNS Infrastructure Limited and Sadguru Infratech Private Limited from Karnataka Neeravari Nigama Limited.
Gayatri Projects is the flagship company of diversified Gayatri Group that has interests in infrastructure, power, hospitality, real estate and industry. The company undertakes road and irrigation projects.
Gayatri Projects said the Karnataka project entails execution of a lift irrigation scheme to provide irrigation to an area of 27,462 hectares. The contract also includes operations and maintenance of the irrigation system for five years.
The project entails design, supply, installation, testing and commissioning of a lift irrigation system, which includes head works, including intake canal, delivery systems and aqueducts for providing irrigation.
The company said the project will be executed on a lumpsum turnkey basis under the EPC (engineering, procurement & construction) mode and will not need any investment from it. The project is keeping in line with the company's asset light model, in which it does not engage in projects as a developer but sets up the projects along with their operation & maintenance (O&M) contracts.
The Karnataka project has been bagged by the company, which has nearly five decades of experience, but had not managed to secure a large project in several months.