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Gammon India surges on bagging EPC order worth Rs 869.99 crore from NHAI

18 Aug 2016 Evaluate

Gammon India is currently trading at Rs. 16.15, up by 1.55 points or 10.62% from its previous closing of Rs. 14.60 on the BSE.

The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.95 and Rs. 16.00 respectively. So far 1,71,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 21.50 on 06-Jan-2016 and a 52 week low of Rs. 10.35 on 30-Mar-2016.

Last one week high and low of the scrip stood at Rs. 16.95 and Rs. 14.00 respectively. The current market cap of the company is Rs. 595.69 crore.

The promoters holding in the company stood at 12.83%, while Institutions and Non-Institutions held 67.86% and 19.31% respectively.

Gammon India has bagged a Civil Engineering, Procurement and Construction (EPC) order worth Rs 869.99 crore from National Highways Authority of India (NHAI).

The project is for four laning of Hospet - Bellary - Karnataka / AP Border from Km.280.080 (Design Ch.) to Km.375.450 (Design Ch.), design length 98.370, NH-63 in the State of Karnataka under NHDP Phase-IVB on EPC mode.

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 4050.00
Rail Vikas Nigam 296.30
NCC 160.45
KEC International 559.60
Kalpataru Projects 1240.45
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