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

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 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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