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Gammon India to revive EPC works if resolution plan accepted by lenders

25 Nov 2019 Evaluate

Gammon India is going to revive its engineering, procurement, construction (EPC) plans in irrigation, water supply and government-backed projects if its resolution plan is accepted by the lenders. The company, whose current liabilities at the end of the previous fiscal exceeded the current assets by Rs 6,174.16 crore, has submitted a debt resolution proposal to the lenders which is under consideration.

Gammon India is engaged in construction of buildings, civil engineering, construction of utility projects, and specialized construction activities.

Peers
Company Name CMP
Larsen & Toubro 3632.00
Kalpataru Projects 1368.90
NCC 125.55
Rail Vikas Nigam 199.75
KEC International 352.15
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