Gammon Infrastructure achieves the financial closure of Paradip Iron Ore Terminal Project

Gammon Infrastructure Projects has achieved the financial closure of the Paradip Iron Ore Terminal Project, which envisages construction and equipping of a berth to handle an annual throughput of 10 million tonnes of iron ore. The company has a total of 31% equity stake in Blue Water Iron Ore Terminal, the special purpose vehicle implementing the project.

Gammon Infrastructure Projects (GIPL) is an infrastructure project development company. The company is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors.