Gammon Infrastructure Projects Ltd in consortium with Gammon Engineers And Contractors Private Limited ('GECPL') (GECPL being the lead member), has received a letter of award from the National Highways Authority of India (NHAI) for the project to undertake 'Rehabilitation and Up gradation of existing 2-lane to 4-lane standards from Duburi to Chandikhole Section of NH 200 (New NH 53) from km. 388.376 to km 428.074 in the State of Odisha Under NHDP Phase - III on EPC Mode (Pkg- III)' (the 'Project').
The Project has been awarded by the NHAI on a bid price of Rs. 577 Crores. The construction period of the Project is 910 days. The Company has 40% share in the consortium.
Shares of GAMMON INFRASTRUCTURE PROJECTS LTD. was last trading in BSE at Rs.3.46 as compared to the previous close of Rs. 3.51. The total number of shares traded during the day was 2495279 in over 954 trades.
The stock hit an intraday high of Rs. 3.79 and intraday low of 3.41. The net turnover during the day was Rs. 9022125.