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.
