SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Gammon Infrastructure Projects informs about company updates

05 Jan 2019 Evaluate

Gammon Infrastructure Projects has informed that, Vijayawada Gundugolanu Road Project PrivateLimited (‘VGRPPL’), a wholly-owned unlisted subsidiary of the company, has entered into Settlement-Cum-Closeout agreement (‘Agreement’) with National Highways Authority of India (‘NHAI’) as an amicable settlement, in connection with the VGRPPL’s project for ‘Six-Laning of Vijayawada-Gundugolanu Section of NH-5 from Km 1076.48 to Km 1022.48 including 6-Iane Hanuman Junction bypass (length 6.72 km) and 4-lane Vijayawada by pass (Length-47.88 km) (Total Length: 103.59 km) in the state of Andhra Pradesh under NHDP Phase V to be executed in BOT (Toll) mode on DBFOT basis’. Pursuant to the said Agreement, VGRPPL has paid an amount of Rs 18.05 Crores to NHAI on January 4th 2019 towards full and final settlement in respect of all claims, counter-claims and all the various disputes under the Concession Agreement and matters related thereto. Upon receipt of the amount, NHAI has released performance security in the form of a Bank Guarantee given for an amount of Rs 84.20 Crores.

The above information is a part of company’s filings submitted to BSE.

AJR Infra and Toll Share Price

0.68 0.00 (0.00%)
03-Oct-2023 18:03 View Price Chart
Peers
Company Name CMP
Larsen & Toubro 3953.90
Rail Vikas Nigam 272.00
NCC 151.85
KEC International 563.95
Kalpataru Projects 1171.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×