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Gayatri Projects, NCC to offload 100% stake in SPV operating Meerut-Muzaffarnagar project: Report

14 Jan 2016 Evaluate

Gayatri Projects and Nagarjuna Constructions (NCC) are reportedly in the final stages of selling their 100% stake in the special purpose vehicle (SPV) 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.

Gayatri Projects is a Hyderabad-based infrastructure and construction company with a presence across the segment, primarily undertaking road and irrigation projects.

Gayatri Projects Share Price

19.23 -0.53 (-2.68%)
24-Apr-2026 10:55 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 4009.15
Rail Vikas Nigam 304.00
NCC 161.45
KEC International 575.00
Kalpataru Projects 1249.30
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