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Gammon Infrastructure Projects is currently trading at Rs. 10.90, up by 0.03 points or 0.28% from its previous closing of Rs. 10.87 on the BSE.

The scrip opened at Rs. 11.00 and has touched a high and low of Rs. 11.10 and Rs. 10.90 respectively. So far 5103 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 17.08 on 02-Jan-2013 and a 52 week low of Rs. 9.40 on 22-Mar-2013.

Last one week high and low of the scrip stood at Rs. 11.15 and Rs. 10.31 respectively. The current market cap of the company is Rs. 807.43 crore.

The promoters holding in the company stood at 74.98% while Institutions and Non-Institutions held 12.89% and 12.13% respectively.

Gammon India’s infrastructure arm - Gammon Infrastructure Projects is reportedly in talks with international port companies to operate the Indira Container Terminal at Mumbai Port, as it has decided to change its current partner, Spanish logistics firm Dragados.

At present, Gammon Infra and Dragados had joint rights to develop and operate the 1,400-crore Indira Container Terminal at Mumbai Port. But the terminal is yet to begin the operations because of a wide range of problems at the port which include cargo evacuation concerns and inadequate depth.

The company has clearance from all stake holders and banks to buy 24% stake from Dragados, which is looking to exit the project as part of the company's plan to move out of all shipping-related projects.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323