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Asian Development Bank has indicated that US$ 59.986 million order for construction of CP 2 SH 69 Dumaria-Ranitalab Road in Bihar has been awarded to Gammon India in January 2009.  This is part of Bihar State Highways project which is being funded by Asian Development Bank.

In addition, it also got another US$ 20.188 million order for construction of CP 3 SH 70 Gaya-Rajauli Road, also in Bihar.  Together, these two orders amounts to US$ 80.17 million, which at Rs 50 per dollar, amounts to Rs 400 crore.

Gammon India reported 5% rise in net profit to Rs 67.8 crore on 15% rise in net sales to Rs 1752.0 crore.  The results were aided & would have been worse but for sharp 1234% spike in other income to Rs 50.8 crore in the nine months ended December 2008, which included profit on sale of shares of Rs 38.6 crore.  crackcrack

Peers
Company Name CMP
Larsen & Toubro 3973.60
Rail Vikas Nigam 305.00
NCC 169.85
KEC International 598.10
Kalpataru Projects 1274.45
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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