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NCC, Gayatri Projects to sell 100% stake in Meerut-Muzaffarnagar project on NH 58: Report

14 Jan 2016 Evaluate

Hyderabad-based infrastructure players Nagarjuna Constructions (NCC) and Gayatri Projects are reportedly in the final stages of selling their 100% stake in the special purpose vehicle operating the Meerut-Muzaffarnagar project on National Highway (NH) 58 to I Squared Capital and International Finance Corporation (IFC) backed Cube Highways.

The project has been operational for the last four years and attracts steady traffic. The deal is likely to be sealed for an enterprise value of around Rs 600 crore.

NCC is engaged in development of real estate. The company’s projects stand on credentials of its work in various sectors such as Housing, Transportation, Power, water, Metals and Oil and gas.

NCC Share Price

165.10 1.05 (0.64%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4054.00
Rail Vikas Nigam 307.25
NCC 165.10
KEC International 580.10
Kalpataru Projects 1263.55
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