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IDFC Project Equity

Gayatri Lalitpur Roadways Limited ("GLRL")

Sector: Transport Infrastructure - Roads
Stage: Operating


Investment description

GLRL is an SPV set up by Gayatri Infra Ventures ("GIVL") to build, operate and maintain a road measuring 49.3kms in length of National Highway No. 25/26 (NH-25/26) in Uttar Pradesh. The project stretch is part of the Jhansi - Lalitpur section on NH-25/26 which falls on the North South Corridor and was awarded by NHAI under the National Highway Development Programme Phase II ("NHDP-II") on annuity basis by National Highways Authority of India ("NHAI").

NHAI has entered into a Concession Agreement with GLRL as the concessionaire for implementation, operation and maintenance of the project.

GIVL is the road sector BOT holding company of Gayatri Projects Limited ("GPL"). GPL has executed several construction projects during the last four decades. These include projects in different infrastructure sectors viz. roads and highways, irrigation projects, mass excavation, ports, airports and industrial civil works.

  IDFC Project Equity


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