Gayatri Jhansi Roadways Limited (GJRL)



Gayatri Jhansi Roadways Limited is an SPV incorporated for the purpose of Design, Construction, Development, Finance, Operation and Maintenance of km 0.000 to km 49.700 covering 49.700 km of National Highway No. 25/26 (NH-25/26) in the state of Uttar Pradesh. The Concession Agreement was signed with NHAI in Sept 2006 and Concession was granted for 20 years. NHAI will pay the SPV a Semi-Annual Annuity of Rs. 29.95 Crores during the operations period (per annum the annuity is Rs.59.90 crores).

Final COD : The final completion certificate is issued by the indipendent consultant vide their letter dated 13th Novermber, 2017. The final completion date is 11th November, 2014

Major Maintenance Work : 1st Major Maintenance Work was completed in June, 2017 and completion certificate in this regard is issued by independent consultant.

Project Details Location
Project Linking From Shivpuri-Jhansi road on NH25 at km 88.5 to Km 46.1 on NH26
Granting Authority National Highways Authority of India
State Uttar Pradesh
Project Length(km) 49.70
Concession Period 20 Years
Concession Ends 31st March, 2027
Toll/Annunity Annuity
Semi Annuity Post COD (Rs:Cr) 29.95
Scope Of Work 2 to 4 laning
GHL Stake 51%
CA Signing Date 29 Sept 2006
Appointed Date 1 Apr 2007
PCOD 11 June 2010
Project Cost (Rs Crores) 407.00
Equity(Rs.Crores) 80.00
Senior Debt (Rs.Crores) 299.69
Sub Debt (Rs.Crores) 24.46
Grant (Rs.Crores) -
Annuity per annum (Rs.Crores) 59.90
Current status Operational, generated Annuity Revenue of Rs.59.90 Crores in FY17