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The anatomy of a rare turnaround: how Gayatri Projects tapped IoT and smart bidding to get back on the road

Putting huge debt and a ratings downgrade behind, the highway-construction company’s choice of contracts, investment discipline, and innovative use of tech have put it back in the reckoning in an otherwise unforgiving sector.
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priyanka
4 Mar 2019 9 Mins Read 0 comment
A construction worker in Kolkata (representative image) Getty Images
A construction worker in Kolkata (representative image)
Paul McCartney separates from Heather Mills Stingray pierces Steve Irwin’s heart 200 killed as blasts rip through Mumbai trains The year 2006 had its share of gloomy headlines. But that did not muffle the optimism in the air. There was a buzz over economic growth, and corporate India was upbeat. That year, 87
stuck in assets. “The business is not there to earn EBITDA margin. The business is there to earn free cash flow for its shareholders, and the only way to do that is earn higher return on capital,” says Reddy. As it turns out, such classical wisdom also makes for great comeback stories. ( Graphics by Sadhana Saxena)
Paul McCartney separates from Heather Mills Stingray pierces Steve Irwin’s heart 200 killed as blasts rip through Mumbai trains The year 2006 had its share of gloomy headlines. But that did not muffle the optimism in the air. There was a buzz over economic growth, and corporate India was upbeat. That year, 87 stuck in assets. “The business is not there to earn EBITDA margin. The business is there to earn free cash flow for its shareholders, and the only way to do that is earn higher return on capital,” says Reddy. As it turns out, such classical wisdom also makes for great comeback stories. ( Graphics by Sadhana Saxena)

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