Gammon India has received an approval for restructuring of the company’s debts as per the Corporate Debt Restructuring Letters of Approval (CDR LOA) dated June 29, 2013 and July 31, 2013 received pursuant to the Restructuring Package approved by the CDR Empowered Group at its meeting held on June 24, 2013. The board of directors at its meeting held on August 12, 2013 has considered and approved for the same.
Besides, as per the terms and conditions of the CDR LOA, the CDR Package has to be implemented within 120 days from the date of the CDR LOA. The Cut-off date of the CDR package is January 01, 2013.
Gammon India provides engineering services and construction of services. It operates in plan, design and undertakes construction of roads, highways, bridges and other projects.
Company Name | CMP |
---|---|
Larsen & Toubro | 3499.10 |
Rail Vikas Nigam | 284.05 |
KEC International | 751.25 |
Kalpataru Projects | 1240.95 |
NCC | 245.55 |
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