Gammon India in talks with Hinduja Group to sell its EPC business: Report

Gammon India Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 509550 | NSE: GAMMONIND

26 Aug 2015 Evaluate

Gammon India is reportedly in talks with Hinduja Group to sell its EPC business and negotiations may be hovering around a valuation of Rs 300 crore. Recently, the company announced its plans to separate its EPC as well as transmission & distribution businesses into subsidiaries called Gammon Retail Infra and Transrail Lighting, respectively.

Gammon India provides engineering services and construction of services. It operates in plan, design and undertakes construction of roads, highways, bridges and other projects.

Peers

Company Name	CMP
Larsen & Toubro	3879.00
Kalpataru Projects	1391.05
NCC	132.85
Rail Vikas Nigam	206.80
KEC International	396.95
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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