DLF has signed a MoU with Gayatri Projects (GPL), one of the leading infrastructure companies in India, to develop roads and highway projects across the country. DLF and GPL together aim to develop projects worth at least Rs 1,000 crore every year, and in turn build a strong portfolio of projects in a short period of time. Under the terms of the agreement, DLF-GPL would together leverage the strengths of both parties to form SPVs for development of highways.
DLF-Laing O'Rourke (LOR), the joint venture between DLF and LOR would be the contractor for the projects of DLF-GPL. DLF-LOR has already established its presence as one of India's leading contractors with a large order book in a short period of time. GPL at present has projects worth over Rs 3,450 crore under construction in states like Andhra Pradesh, Assam, Uttar Pradesh, Madhya Pradesh, Karnataka, Gujarat, Maharashtra and Orissa. These projects include national and state highways, dams, reservoirs, ash ponds and major canal works.
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