Gammon Infra trades higher on the bourses

AJR Infra and Tolling Ltd. | Engineering - Construction | Construction & Infrastructure | BSE: 532959 | NSE: AJRINFRA

25 Apr 2012 Evaluate

Gammon Infrastructure is currently trading at Rs. 13.92, up by 0.04 points or 0.29% from its previous closing of Rs. 13.88 on the BSE.

The scrip opened at Rs. 13.89 and has touched a high and low of Rs. 14.09 and Rs. 13.70 respectively. So far 18049 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 19.90 on 26-Apr-2011 and a 52 week low of Rs. 9.21 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 15.25 and Rs. 13.70 respectively. The current market cap of the company is Rs. 1002.78 crore.

The promoters holding in the company stood at 75.53% while Institutions and Non-Institutions held 12.27% and 12.21% respectively.

Gammon Infrastructure’s special purpose vehicle (SPV) Kosi Bridge Infrastructure Company (KBICL) has received the ‘Provisional Completion Certificate’ effective from February 08, 2012 for Kosi Maha Sethu project from the Independent Engineer of the project appointed by NHAI.

KBICL is entitled to receive semi-annual annuities Rs 31.9 crores each during the concession period of the project. This is the fifth operational road project in the company’s basket.'

The Kosi Maha Sethu, a bridge across the river Kosi on National Highway No.57 in Supaul District of Bihar, developed by Gammon Infrastructure Projects through its SPV -- KBICL -- and constructed by Gammon India was inaugurated on February 08, 2012.

Earlier, the National Highways Authority of India (NHAI) had awarded the project involving development and operation of a four lane bridge across the river Kosi along with 8.2 km of access roads and 22 km (approx.) of guide bunds / afflux bunds, to the Company on BOT ‘annuity’ basis.