Gammon Infra zooms on emerging lowest bidder for road projects worth Rs 2,000 crore

10 Jan 2012

Gammon Infra is currently trading at Rs. 13.10, up by 0.88 points or 7.20% from its previous closing of Rs. 12.22 on the BSE.

The scrip opened at Rs. 12.65 and has touched a high and low of Rs. 14.15 and Rs. 12.40 respectively. So far 101615 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 24.45 on 11-Jan-2011 and a 52 week low of Rs. 9.21 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 14.15 and Rs. 11.70 respectively. The current market cap of the company is Rs. 960.51 crore.

The promoters holding in the company stood at 75.53% while Institutions and Non-Institutions held 12.22% and 12.26% respectively. 

Gammon Infrastructure Projects has emerged as the lowest bidder for two road projects worth Rs 2,000 crore. Both the projects are on a built-own-operate-transfer (BOOT) basis and each project is worth around Rs 1,000 crore.

The first project based in Madhya Pradesh is a 102 km Sidhi Singhruli road project. This four laning road project is awarded by the Madhya Pradesh Road Development Corporation. The second road project is a 107 km NHAI project connecting Birmitrapur - Barkote in Orissa. Apart from construction time of 2.5 years, both projects have concession period of 23 years.

Gammon Infrastructure Projects is an infrastructure project development company. The company is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.

Related Gammon Infrastructure Projects Ltd. Links:

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