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Stock Report
Gammon India consortium receives LOI for "Mumbai Offshore Container Terminal Project"
Posted On : 2007-08-16 04:29:02( TIMEZONE : IST )
Gammon India Ltd has announced that the consortium of Gammon and Oragados S.P.L. has received the 'Letter of Intent' for the Mumbai Offshore Container Terminal Project.
The estimated Project cost is about Rs 800 crores in the initial phase of 3 years and another Rs 400 crores subsequently, thus aggregating about Rs 1200 crores. The Project is on a BOT basis for 30 years, including 3 years of construction & equipping period.
The stock closed the day at Rs.420.30, down by Rs.6.55 or 1.53%. The stock hit an intraday high of Rs.445.85 and low of Rs.410. The total traded quantity was 37647 compared to 2 week average of 10584.
