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Gammon Infra spurts on plan of completing Hazipur–Muzaffarpur project in next 3-4 months

18 May 2015 Evaluate

Gammon Infrastructure Projects is currently trading at Rs. 12.65, up by 1.53 points or 13.76% from its previous closing of Rs. 11.12 on the BSE.

The scrip opened at Rs. 12.50 and has touched a high and low of Rs. 13.22 and Rs. 12.25 respectively. So far 245436 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 20.85 on 20-Nov-2014 and a 52 week low of Rs. 10.70 on 14-May-2015.

Last one week high and low of the scrip stood at Rs. 13.22 and Rs. 10.70 respectively. The current market cap of the company is Rs. 1191.20 crore.

The promoters holding in the company stood at 58.61% while Institutions and Non-Institutions held 27.88% and 13.51% respectively.

Gammon Infrastructure Projects will complete Hazipur–Muzaffarpur project in next 3-4 months. The company’s interest burden has been reduced as loans from IDFC have been repaid using proceeds from the recent share sale. 

The EPC business of the company contributes around Rs 40-50 crore to the overall revenues. The company is likely to complete two projects by the first week of June.

Gammon Infrastructure Projects (GIPL) is an infrastructure project development company incorporated by Gammon India, to participate in the development of infrastructure projects on a public private partnership (PPP) basis.

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