GAYAPROJNSE17 February 2020

Gayatri Projects Limited has informed the Exchange regarding Investor Presentation in respect of results for the quarter and nine months ended 31st December, 2019.

Gayatri Projects Limited

\br

GnynTRl

February 17,2020

To The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Maharashtra, India Scrip Code: 532767

To I The Manager, Listing Department I National Stock Exchange of India Limited I Exchange Plaza, 5th Floor, Plot No. C/1, I G Block, Bandra-Kurla Complex, Bandra (E), | Mumbai - 400 051 I Maharashtra, India | Scrip Code: GAYAPROJ

Dear Sir/Madam,

Sub: Investor Presentation

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligation & Disclosure Requirements)

Regulations, 20L5, we are enclosing herewith an Investor Presentation in respect of results for the

quafter and nine months ended 31st December, 2019. The Investor Presentation is also being

uploaded on the website of the Company at URL https://www.gayatri.co.in.

This is for your information and iecords.

Yours faithfully

Gayatri Projects Limited ARfr- kv' SA,-"^^

Chetan Kumar Sharma Company Secretary & Compliance Officer

Encl: As Above

Regd. & Corp. Office : Gayatri Proiects Limited, 81 , 6-3-1090, TSR Towers Ral Bhavan Road, Somajiguda, Hyderabad 500 082. T.S CIN : 199999TG1 989P1C057289

T +91 40 2331 O33O I 4284 I 4296 e gplhyd@gayatri.co.in F +91 40 2339 8435

www.gayatri.co.in

Gayatri Projects Limited Earnings Presentation Q3FY20

Disclaimer

The material that follows is a Presentation of general background information about the Company’s activities as at the date of the Presentation. It is information given in summary form and does not purport to be complete and it cannot be guaranteed that such information is true and accurate. This Presentation does not constitute a prospectus, offering circular or offering memorandum or an offer, or a solicitation of any offer, to purchase or sell, any shares and should not be considered as a recommendation that any investor should subscribe for or purchase any of the Company’s equity shares.

This Presentation includes statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms “believes”, “estimates”, “anticipates”, “projects”, “predicts”, “aims”, “foresees”, “plans”, “expects”, “intends”, “may”, “will”, “seeks” or “should” or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, aims, objectives, goals, future events or intentions. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this Presentation and include statements regarding the Company’s intentions, beliefs or current expectations concerning, amongst other things, its results or operations, financial condition, liquidity, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward- looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. Forward-looking statements are not guarantees of future performance including those relating to general business plans and strategy of the Company, its future outlook and growth prospects, and future developments in its businesses and its competitive and regulatory environment. Neither the Company, nor its Directors, Promoter & Promoter Group, affiliates or other advisors or representatives nor any of its or their parent or subsidiary undertakings or any such person’s officers or employees gives any assurance that the assumptions underlying such forward-looking statements are free from errors nor do any of them accept any responsibility for the future accuracy of the forward-looking statements contained in this Presentation or the actual occurrence of the forecasted developments. Forward-looking statements speak only as of the date of this presentation. As a result, the Company expressly disclaims any obligations or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. No representation, warranty or undertaking, express or implied, is made or assurance given that such statements, views, projections or forecasts, if any, are correct or that the objectives of the Company will be achieved. The Company actual results of operations, financial condition and liquidity, and the development of the sector it operates in, may differ materially from those suggested by the forward-looking statements contained in this Presentation. In addition, even if the Company’s results of operations, financial condition and liquidity, and the development of the industry in which the Company operates, are consistent with the forward-looking statements contained in this Presentation, those results or developments may not be indicative of results or developments in subsequent periods.

The Company, as such, makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information or opinions contained herein. The information contained in this Presentation, unless otherwise specified is only current as of the date of this Presentation. None of the Company, its Directors, Promoter and Promoter Group or affiliates, nor any of its or their respective employees, advisors or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omission or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred however arising, directly or indirectly, from any use of its documents or its contents or otherwise in connection with this Presentation. The Company assumes no responsibility to publicly amend, modify or revise any forward looking statements, on the basis of any subsequent development, information or events, or otherwise. This presentation has been prepared based on the information available in the public domain and internal management information and estimates. The information contained herein is subject to change without notice. Past performance is not indicative of future results.

2

Agenda

1.

Introduction

2.

Deleveraging & Monetisation Plan

Slide No. 4

Slide No. 5 - 8

3.

9MFY20 Financial Highlights & Top Work Order Status

Slide No. 9 - 14

5.

Order Book Diversification

Slide No. 15

6.

Key Investment Highlights

8.

Appendix – Core Business Highlights

Slide No. 16-17

Slide No. 17 onwards onwards

3

GPL: Amongst India’s leading Asset – Light EPC Companies

 One of India’s leading construction and infrastructure companies with dedicated focus on

asset-light EPC work

 5 decades of experience in execution of major civil works, diversified across geographies &

infrastructure segments

o Pan India operations spread across 19 states o Transportation, Waterworks & Industrial construction projects o Marquee client list: NHAI, KNNL, PWD (Mizoram), MSRDC, BSRDC, CIDCO (Maharashtra) I

& CAD (AP, Telangana) etc.

 Strong Execution track record

o o o

Completed more than 6,850 lane km of road construction over the last 25 years Completed ~44 projects aggregating to INR 106 billion+ value in last 5 years Own extensive fleet of more than 2,355 pieces of construction equipment

 Leading technology-led transformation in Indian construction space

o o

Technology-driven efficient execution: IOT, Computer vision, UAVs, cloud-computing Real-time reporting, higher transparency & faster execution using end-to-end digital project management

 High medium term revenue growth visibility driven by large order wins

o o

Order book of INR 141 bn Book-to-Bill of 3.8x: high growth visibility for next 3-4 years

 Re-focused business on “Asset-Light” Model over last 4 years

o o

o

Reduced, restructured, monetized exposure to Asset Development Business Significant improvement in balance-sheet leverage (2.4x to 1.16x in last 4 years), return ratios (FY2019 RoE & RoCE at 17% ) and free cash flow generation (FCF of Rs 1.5 Bn, post interest payment, generated for the first time in last 10 years) On track for mid 20s RoE & RoCE, strong cash-flow generation and D/E below 0.5x in next 2-3 years

Business Segments

Core Business - EPC (Order Book: INR 141 Bn+)

Transportation National and State Highways

Water Works Canals, Dams, supply & Dist.

Mining U/G Mechanised

Railways DFC

Industrial Steel & Power Plants, T&D, Conveyor

Other Civil Site Levelling, Bldg EPC

Asset Development

Power (GEVL) 4,300 MW Power Capacity– Stake in Sembcorp Energy India Ltd. (SEIL)

Highways 4 Annuity + 3 Toll national & state highways

Stake sold, Material residual interest on next monetisation event

Demerged into a separate entity; Listed on BSE & NSE

4 4

Continued Focus on Deleveraging

FY19 – Net Debt

9MFY20 – Gross Term Loan

Likely, Repayment via conciliation (SLIDE 8)

Likely, Repayment via monetisation of awards (SLIDE 8)

Net long term borrowings

Equipment loan

Working Capital Loan

Cash Equivalent

FY20E – Net Debt

5

Monetisation of stake in Power Asset Complete

• The company has concluded the sale of its 5.95% stake in power assets of Sembcorp Energy India Ltd (“SEIL”) for cash proceeds of INR 4,068 Mn + upside option.

Monetisation of stake in power asset

• The proceeds from the above sale, INR 2,068 Mn has been used towards repayment of long-term debt and the balance amount is utilized for meeting the working capital requirements of the company and for other general corporate purpose.

• GPL retains significant residual economic interest despite the sale • UPSIDE No. 1 - The above transaction is based on a basic equity value of INR 70,000 Mn for SEIL. GPL will be paid full upside based on market discovered value at the first available monetisation event (less a carried cost of 15% on initial cashflow). This upside expires in December 2024.

• UPSIDE No. 2 – In addition, Gayatri had an option for additional 5.58% stake in Sembcorp Energy on payment of Rs4.8bn. GPL will be paid full upside based on market discovered value at the first available monetisation event (less a carried cost of 18% on initial strike price). This upside expires in May 2022.

6

Monetisation of awards & claims

AWARDS

INR 10 Bn+

Different arbitration tribunals/courts have awarded GPL, a total of INR 10 Bn+ interest), towards (including accrued its EPC disputed clients.

receivables

from

CLAIMS

INR 9 Bn+

In addition, GPL has a net exposure to outstanding claims of INR 9 Bn+ in different arbitral tribunals/courts.

7

Likely near term cashflow from Awards & Claims

Conciliation & Settlement mechanism introduced by GOI/NHAI

GOI scheme for monetisation of under litigation arbitral awards against the Bank Guarantees

Total expected cashflow in next 1-2 months

INR 1 Bn+

INR 4 Bn+

INR 5 Bn+

The company has recently settled a claim worth INR0.44 bn regarding its AS11 project with NHAI and expects cashflow in next 30 days.

• Advance stage of discussion with its settlement of

NHAI regarding claim for Project AS 10 & AS27.

Expected cash flows for GPL from these 3 settlements expected to be close to INR 1 bn and likely to be received over next one to two month.

• GPL is working with MORTH/NHAI and banks to procure appropriate bank guarantees so that 7 specific arbitral awards can be monetised totalling up to INR 5.5 bn+ (75% is 4 bn).

Expected cash flow of INR 4 bn+ likely to be received over next 1-2 months will go towards repaying the respective bank debts.

In principal approval received from the banks for the bank guarantees to be used for monetisation of under litigation arbitral awards.

8

9MFY20 Highlights

Debt Servicing

• Total debt serviced of INR 2.8 bn (including INR 780 Mn debt repayment) • Experiencing delayed payments from State Govts resulting in delays in its

own interest payment obligations; Care Ratings downgraded to D. Expecting all accounts to be regularised over next 2-3 months

Order pick- up slow

• Slow offtake in NHAI road project; tendering expected to pick up from

Q4FY20

• Expect to win significant orders from a strong irrigation bid pipeline in MP

and Karnataka.

• Avoiding aggressive bidding in Road projects as order backlog strong at 4x

book-to-bill

Execution impacted due to prolonged monsoon

• Road EPC activities significantly impacted because of elongated monsoon

affecting the progress of multiple large projects.

• Rains continued well into November; hence execution to pick up materially

from Q4FY20

9

FY20: Revised Guidance

FY20 Guidance (INR Mn)

Order Inflow

Revenues

EBITDA Margin

INR 25-30 billion

0%-5% Growth

15%

Execution delays due to excessive rainfalls have impacted the full year guidance

10

9MFY20 (YoY)– Financial Performance

Revenue (INR Mn)

EBITDA (INR Mn) & EBITDA Margin

Key Highlights

23,120

25,172

16.5%

14.8%

3,815

3,725

• Revenue – Muted growth, execution impacted

due to prolonged monsoon

9MFY19

9MFY20

9MFY19

9MFY20

PBT (INR Mn)

1,400

1,164

9MFY19

9MFY20

• EBITDA margins significantly impacted because

of muted growth in revenue and due to inflation in fixed operating cost plus significant hit due to expected credit loss provision. On like to like basis, 9MFY20 EBITDA would have been higher by INR 320 Mn.

• Exception loss of INR 4,453.4 Mn recognised on account of diminution in the value of investment in GEVPL.

11

Q3FY20 Snapshot

12

INR MnQ3FY20Q3FY19YoY(%)9MFY209MFY19YoY(%)Revenue8,354 8,779 -5%25,172 23,120 9%Expenses7,149 7,362 -3%21,446 19,305 11%EBITDA1,204 1,416 -15%3,725 3,815 -2%EBITDA Margin14.4%16.1%14.8%16.5%Depreciation199 166 20%586 491 19%Finance Cost737 690 7%2,010 1,986 1%Other Income3 48 35 63 Pre Exceptional PBT271 608 -55%1,164 1,400 -17%PBT Margin3.2%6.9%4.6%6.1%Exceptional*(4,453) - (4,453) - Tax Expense(265) 129 - 213 -100%PAT(3,917) 479 -917%(3,289) 1,186 -377%Pre Exceptional PAT536 479 12%1,164 1,186 -2% Top Work Orders – Status Update – Q3FY20

Project Name

Location

Contract Value (INR Cr)

Balance work as on 01.1.2020 (INR Cr)

Mobilized on Site

Revenue Booking Start

Expected Completion of Project End of Q & Year

Purvanchal Expressway Package 1

Eastern UP

Purvanchal Expressway Package 2

Eastern UP

Ghaghra Bridge to Varanasi Package 2

Varanasi, UP

Ghaghra Bridge to Varanasi Package 3

Varanasi, UP

Sultanpur - Varanasi Package 1

Varanasi, UP

Sultanpur - Varanasi Package 2

Varanasi, UP

1,483

1,276

741

558

986

806

Angul - Sambalpur Road work

Angul, Odisha

1,255

Cuttack - Angul PKG 1

Cuttack - Angul PKG 2

Rajamunda – Barkote

Cuttak, Odisha

Cuttak, Odisha

Barkote, Orissa

Bihar Road (Patna - Gaya)

Patna, Bihar

BSRDC Package 5

BSRDC Package 6

BSRDC Package 7

Kadirganj, Bihar

Kadirganj, Bihar

Kadirganj, Bihar

583

529

394

971

126

127

151

* extended due to prolonged monsoon ^ extended due to delayed land acquisition

1185

963

100

190

382

276

817

459

422

383

498

126

93

125

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Q3 19

Q3 19

Q3 17

Q3 17

Q3 17

Q3 17

Q3 18

Q3 19

Q3 19

Q2 20

Q4 17

Q4 20

Q2 20

Q2 20

Q3 22

Q3 22

Q2 21*

Q2 21*

Q3 21*

Q3 21*

Q3 22

Q3 22

Q3 22

Q3 22^

Q3 22

Q4 22

Q4 22

Q4 22

13

Top Work Orders – Status Update – Q3FY20

Project Name

Location

Nagpur - Mumbai Expressway

Shiridi, MH

6 Lane Tunnel at Khambataki Ghat

Satara, MH

Jammu Ring Road

Jammu

Andhra Pradesh / Tamil Nadu Border

Chittoor, AP

Dimapur - Kohima Package 3

Hyderabad Elevated Corridor

Iqubalgarh to Vadodara : 4744 Kempwad Lift Irrigation Scheme (Rs.1363.49 Cr.)

Chintalapudi PKG 1

Chintalapudi PKG 2

Nagaland

Hyderabad

Vadodara - Gujarat

Karnataka

Pattisema, AP

Jangannagudem AP

PLIS Package 18 (MEIL - HES JV)

Kaleswaram Project (Rs.1482.75 Cr.)

Jadcherla

Siddipeta

Contract Value (INR Cr)

1,312

493

1,339

306

340

425

425

990

989

683

700

600

Balance work as on 01.10.2019 (INR Cr)

Mobilized on Site

Revenue Booking Start

Expected Completion of Project End of Q & Year

1184

493

1052

145

167

362

371

533

780

514

700

570

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Q1 20

Q2 20

Q1 19

Q1 19

Q4 16

Q1 20

Q4 18

Q2 18

Q3 19

Q3 19

Q2 22

Q4 22

Q2 23

Q3 21

Q4 21

Q3 22^

Q3 22

Q4 22^

Q2 23^

Q2 23^

Awaiting for Appointed Date

Expecting Q3 23^

Yes

Q2 20

Q3 23^

TOP WORK ORDERS

PROPORTION OF TOTAL ORDER BOOK

^ extended due to delayed land acquisition

18,588

12,890

92%

14

Growing Order Book : Current Book to Bill of 3.83x

Growing and De-Risked Order Book (INR Bn)

Geographical Diversification

GPL’s Growth in EPC order book over the last 5 years

129

132

163

141

92

48

Gujarat 3%

Jharkhand 2%

Others 3%

Karnataka 4%

Bihar 6%

[CATEGORY NAME]

Uttar Pradesh 22%

FY15

FY16

FY17

FY18

FY19

9MFY20

Jammu 7%

Segmental Diversification

70%

23%

Maharashtra 12%

4%

3%

0.4%

0.1%

0.2%

ROAD

IRRIGATION

MINING

RAILWAY

WATER GRID

LAND DEVELOPMENT

TRANSMISSION

Andhra Pradesh 13%

Telangana 12%

Odisha 16%

15

Significant Deleveraging Despite Continued Strong Revenue Growth

Net Debt/Equity (x)

Net Debt (INR Mn)

2.4

2.1

2.5

16,337

17,399

18,612

17,016

15,443

14,955

1.5

[VALUE]*

1.2

FY15

FY16

FY17

FY18

FY19

9MFY20

FY15

FY16

FY17

FY18

FY19

9MFY20

Debt Maturity Profile (INR MN)

2,090

1,986

2,316

2,139

Working Capital Days

95

105

78

78

48

50

680

FY15

FY16

FY17

FY18

FY19

9MFY20

FY20

FY21

FY22

FY23

FY24 & Beyond

*on absolute basis Net Debt is lower from FY19 levels, However due to recognition of exceptional loss; Net Debt/Eq has increased.

Receivable Days

Payable Days

Inventory Days

Net Working Capital

16

Key Investment Highlights

Strong presence in high growth construction sector

Healthy and diversified pure EPC un-executed order book with good revenue growth visibility

Highly efficient operations with strong execution capabilities

Balance-sheet improvement on track for industry leading metrics in next 3 years

Significant value unlocking through business restructuring

17

Appendix

Strategy – Focusing on ‘Asset Light’ EPC segment

Asset light EPC model o Pure EPC company with no asset-heavy

BOT or HAM project work.

o Diversified across geographies and

practice areas o Deleveraging

and monetizing non-core assets to improve visible Return on Capital

balance-sheet

o Focused on cash flow generation

Explore new opportunities in EPC o Further enhance engineering capabilities in order to pursue new EPC contracts

o Enter specialized sectors with

low

competition and high margins

o Opportunity

underground includes mining, water supply, lift-irrigation, high infrastructure, speed railways, urban pre-fab buildings etc

Grow presence in core EPC segments o Actively bid for quality projects in core irrigation,

areas of expertise- roads, industrials

o Maintain a healthy book-to-bill ratio o Adhere to geographical cluster approach while bidding for projects to optimize management & equipment utilization and maximize profitability

Focus on driving operational performance & execution efficiency o Integrate best practices from different improve performance and

sectors to project execution

o Utilize advanced technologies, designs, engineering and project management tools in order to increase productivity o Strengthen IT systems and other internal processes to reduce manual intervention

19

19

Spotlight on Asset-Light Model

 2012-2015 : GPL numbers depressed due to asset

investments

 2016 onwards: Business restructuring and Shift towards

Asset-Light model

 Core Construction Services business is a high ROCE business;

At the bottom of cycle generated 18.2%

 In line with the Industry practice, Free cash flow from Core

Construction activities was used for funding asset acquisition prior to 2016

Historical ROE and ROCE

ROCE - Core Construction Business

20.2% 19.1%

ROE

ROCE

12.7% 10.8%

13.7%

11.2%

12.5%

7.4%

8.3%

9.0% 7.7%

10.8% 8.9%

3.3%

20.2%

15.2%

17.3% 16.8%

33.6%

23.8% 25.1%

27.2% 27.5%

25.3%

20.2%

18.4%

18.2%

2012

2011 * Core construction business ROCE calculated after deducting investment in power

2015

2013

2014

2018

2016

2017

and road BOT assets from the total capital employed

20

2019

2011

2012

2013

2014

2015

2016

2017

2018

2019

20

Strong Execution Capabilities & a Diverse Range of Projects

Projects executed in last 5 years

Segment

Roads Industrial Irrigation Site leveling Dams & reservoirs Railways Total

No. of projects executed

Value of contract (INR Mn)

12 17 10 2 2 1 44

64,587 23,535 10,727 2,382 448 3,845 105,524

Strong BG limits key competitive advantage Company’s existing BG limit provides additional advantage to o Company has existing BG limit of INR 44 bn expand order book & scope for further growth o Existing BG limit provides ability to maintain order book

of over INR 200 bn

o Ability to further increase the BG limits

Roads: Peak executed capacity at ~1,000 kms for the year 2007

S M K E N A L

1200

1000

800

720

680

991

827

553

364 362

232

210

600

400

200

0

652

498

1999 2000 2001 2003 2005 2006 2007 2009 2011 2013 2016

Required Lane Kilometers to be executed (as order)

YEARS

~700 Lane Kms

Capacity to execute

1,100 – 1,200 Lane kms/ year

21

Profit & Loss

All figures in INR Million

22

INR MnFY19FY18FY17Revenue34,63129,12321,154Expenses29,182 24,252 17,919 EBITDA5,4494,8713,234EBITDA Margin15.7%16.7%15.3%Depreciation659547432Finance Cost2,513 2,563 2,014 Other Income7964306PBT2,3571,825941PBT Margin6.8%6.3%4.4%Tax Expense249(55)237PAT2,107 1,881 704 PAT Margin6.1%6.5%3.3%Basic EPS11.310.64.0 Balance Sheet

All figures in INR Million

23

ASSETS (INR Mn)H1FY20FY19FY18EQUITY AND LIABILITIES (INR Mn)H1FY20FY19FY18EQUITYNON-CURRENT ASSETS(a) Equity Share capital374 374 374 (a) Property Plant & Equipment3,848 3,763 3,350 (b) Other Equity13,521 12,922 10,856 (b) Capital Work in Progress5 5 - (c) Financial AssetsLIABILITIES(i) Investments10,053 10,088 10,169 Non-Current Liabilities(ii) Loans3,452 3,474 3,563 (a) Financial Liabilities(i) Borrowings5,394 7,121 8,032 CURRENT ASSETS(ii) Other Financial liabilities14,804 14,962 10,332 (a) Inventories5,125 3,574 2,930 (b) Provisions41 48 52 (b) Financial Assets(c) Deferred Tax Liabilities (net)19 21 71 (i) Trade receivables12,717 13,930 11,337 (ii) Cash and cash equivalents725 1,265 569 Current Liabilities(iii) Other Bank Balances2,090 2,002 1,857 (a) Financial Liabilities(iv) Loans2,103 1,887 1,703 (i) Borrowings10,735 9,499 9,591 (c) Current Tax Assets (Net)1,293 1,447 1,385 (ii) Trade payables11,860 10,508 8,043 (d) Other Current Assets18,833 17,206 12,998 (iii) Other Financial Liabilities2,479 2,293 2,042 (h) Other Current Liabilities986 858 446 (c) Provisions34 34 21 TOTAL60,246 58,641 49,861 TOTAL60,246 58,641 49,861 Board of Directors

Mrs. T. Indira Reddy

Promoter and Non-Executive Chairperson, over 25 years of experience in the construction industry

Mr. T. V. Sandeep Kumar Reddy

Promoter and Managing Director, 20+ years of construction experience

Mr. J. Brij Mohan Reddy

Executive Vice Chairman, Over 49 years of experience in Heavy Engineering Construction and the harbour engineering industries

Mr. Birendra Kumar

Non-Executive and Nominee Director (Bank of Baroda)

Mr. K V Ramana Chary

Mr. Ch. Hari Vithal Rao Mr. Ch. Hari Vittal Rao

Mr. G. Sreeramakrishna

Mrs. Rama Devi Nanduri

IAS (Retd.); has held important positions in the Government of Andhra Pradesh and Telangana. Presently, advisor to Government of Telangana

Non-Executive and Independent Director, 49 years of experience as a banker and was employed with Bank of Baroda and Naandi Foundation in the past

Retired as Chief General Manager at State Bank of India in the State of Undivided Andhra Pradesh. He has been on the boards of various Public Limited Companies

Smt. Rama Devi Nanduri has more than 40 years of experience as banker at SBI. She has held several posts across several aspects of banking including retail and corporate credit, international business, inspection and audit, etc

24

24

Management Team - HQ

T Sandeep Reddy  Managing Director  Masters in Construction Engineering &

Management from University of Michigan, USA

 20+ years of construction experience

J Brij Mohan Reddy  Executive Vice Chairman  Graduate in Industrial Engineering from Berkeley

University, USA

 50 years of experience in construction and

engineering

P Sreedhar Babu  Chief Finance Officer  Fellow Member of Institute of Chartered

Accountants of India

 18+ years of experience in finance and banking

D Sitaram  President, Business Development  In-charge of evaluating new business units,

identifying suitable Joint-Venture partners, and attending review meetings with clients and regulatory bodies

T Rajiv Reddy  Vice President  In-charge of overall Project Controls & Monitoring,

and head of Mining business unit

 Graduate in Industrial Engineering from University

of Illinois, Urbana-Champaign, USA

25

25

Management Team - Projects

K Sesha Reddy  Senior Vice President, Transportation  In-charge of project monitoring and controls  Previously a Project Head at L&T  Masters in Construction management from Birla

Institute of Technology

 32+ years of experience in infrastructure

G Venkateshwar Rao  Senior Vice President, Irrigation  Oversees entire irrigation business unit  Graduate in Civil Engineering  20+ years of experience in irrigation EPC

MV Suresh  Vice President, Roads  Oversees road construction projects  Graduate in Civil Engineering  20+ years of experience in EPC

CH Ramakrishna Rao  Senior Vice President, Roads  Oversees road construction projects  Masters in Construction management from Birla

Institute of Technology

 20+ years of experience in infrastructure

Sudhakar Lolla  Vice President, Mining  Oversees underground mining projects  Masters in Technology and Mining from Indian

School of Mines

 18+ years of experience in mining

26

26

Contact Details

V V Chandra Sekhar Gayatri Projects Limited Tel: +91 40 23310330/23314284/4296 Email: vvcs@gayatri.co.in

Sheetal Khanduja Go India Advisors +91 9769364166 sheetal@goindiaadvisors.com

27

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