Gammon India currently holds less than 51% of shareholding in Gammon Infrastructure Projects (GIPL). Consequently, GIPL ceases to be a subsidiary of Gammon India. This is pursuant to sale of shares of GIPL by Gammon Power and Gactel Turnkey Projects (wholly owned subsidiaries of the company) in various tranches in the open market.
Gammon India is engaged in construction of buildings, civil engineering, construction of utility projects, and specialized construction activities. The company operates through three segments: Construction and Engineering, Oil Exploration and Realty Development.
