Gammon Infrastructure Projects has terminated the shareholders agreement entered with Simplex Infrastructures. Accordingly, the company shall hold 100% equity stake in Vijayawada Gundugolanu Road Project (VGRPPL) and no stake in Maa Durga Expressways.
The company had earlier on April 26, 2012 entered into an agreement for purchasing 49% equity stake in Maa Durga Expressways promoted by Simplex for implementing the project for Four laning of Mahulia to Bahragora section on NH-33 and Bahragora to Kharagpur on NH-6 in the states of Jharkhand and West Bengal respectively under NHDP Phase III on DBFOT (Toll) Basis awarded, by the National Highways Authority of India (NHAI) to Simplex Infrastructures (Simplex).
The company had also entered into another agreement with Simplex for selling 49% equity stake in VGRPPL promoted by the company for implementing the project for Six laning of Vijayawada - Gundugolanu section of NH-5 in the state of Andhra Pradesh under NHDP Phase V on DBFOT (Toll) basis awarded by the NHAI to the company.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4083.65 |
| Rail Vikas Nigam | 281.75 |
| NCC | 154.20 |
| KEC International | 571.80 |
| Kalpataru Projects | 1206.10 |
| View more.. | |
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