GPL to hive-off BOT projects to Gayatri Infra

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New Delhi, Feb 26 (UNI) Construction firm Gayatri Projects Ltd (GPL) today said its board has approved hiving off investment worth about Rs 125 crore in built-own-transfer (BOT) projects to its unit Gayatri Infraventures Ltd.

''We will hive off investment worth about Rs 125 crore in built-own-transfer (BOT) projects to our unit Gayatri Infraventures Ltd,'' a company statement said.

The decision to hive off is to raise funds for further investment in BOT projects, the statement added.

UNI SR RN1515

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