Gammon India to consider proposal on investment in EPC business

31 Mar 2016

Gammon India is all set to consider a proposal received from an investor for investment in the company’s Engineering Procurement & Construction (EPC) busines. In this regard, a meeting of the board of directors of the company will be held on April 2, 2016

Last month, the company had said three of its lenders including IDBI bank have decided to convert loans worth Rs 22.25 crore into equity.

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

 

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