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Gammon Infrastructure Projects Ltd.

BSE: 532959 Sector: Engineering
NSE: GAMMNINFRA ISIN Code: INE181G01025
BSE LIVE 15:59 | 15 Dec 2.89 -0.03
(-1.03%)
OPEN

2.97

HIGH

2.97

LOW

2.85

NSE 15:29 | 15 Dec 2.90 -0.05
(-1.69%)
OPEN

2.95

HIGH

3.00

LOW

2.85

OPEN 2.97
PREVIOUS CLOSE 2.92
VOLUME 3516473
52-Week high 5.41
52-Week low 2.66
P/E 24.08
Mkt Cap.(Rs cr) 272
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.89
Sell Qty 46001.00
OPEN 2.97
CLOSE 2.92
VOLUME 3516473
52-Week high 5.41
52-Week low 2.66
P/E 24.08
Mkt Cap.(Rs cr) 272
Buy Price 0.00
Buy Qty 0.00
Sell Price 2.89
Sell Qty 46001.00

Gammon Infrastructure Projects Ltd. (GAMMNINFRA) - Company History

Gammon Infrastructure Projects Limited (GIPL) is an infrastructure project development company promoted by Gammon India Limited in the year 2001, to participate in the development of infrastructure projects on a public private partnership (PPP) basis. GIPL is among the first companies in India to be modeled as an infrastructure developer holding company with investments spread across various sectors. GIPL's Infrastructure development is classified as to Project Development, Project Advisory and Sector Specific Operations & Maintenance. GIPL leads Gammon's forays into development of infrastructure projects across more sectors such as Roads & Expressways, Ports, Hydro Power, Urban infrastructure, Airports, Special Economic Zones, Water and Wastewater management, Railways, Power Transmission lines, and Agricultural Infrastructure. After the incorporation in the year 2001 the company's COD achieved for the New Matancherry Bridge, Concession Agreement signed for the Rajahmundry Dharmavaram Expressway & Dharmavaram Tuni Expressway and License obtained for 2 multipurpose berths at Visakhapatnam port. In the year of 2002, O&M Contract signed for the Rajahmundry Dharmavaram Expressway (Rajahmundry Expressway Limited to GIL). During the year 2004, the Put & Call Option agreement was signed with IPS Limited, the company received Rajahmundry Expressway Limited's final completion certificate and in the same year the company's COD achieved for berth EQ8 at Visakhapatnam port and also COD achieved for the both Rajahmundry Dharmavaram Expressway & Dharmavaram Tuni Expressway. The 'Take or Pay' agreement was signed with SAIL in the year 2005 and the concession agreement was signed for Mumbai Nasik Expressway and also signed for Rangit II Hydroelectric project in the same period. During the period 2006, the company implemented cum power purchase agreement for Punjab Biomass Project Limited, concession agreement was signed for Kosi Bridge Infrastructure Company Limited and for Gorakhpur Infrastructure Company. The company received Letter of Intent from government of Himachal Pradesh - Tidong, for Adityapur SEZ and for Mumbai Offshore Container Terminal in 2007. The company achieved Financial Closure for the both Gorakhpur Infrastructure Company Limited and Kosi Bridge Infrastructure Company Limited in the same year 2007, subsequently the License Agreement was signed for Indira Container Terminal Private Limited. As on 2008, Gammon Infrastructure Projects Ltd teamed up with Emaar-MGF Land Ltd and General Electric Infrastructure for the Amritsar project. The company joined hands with Reliance Industries Ltd and Europe's largest engineering firm Siemens AG to bid for 32km-long, fully elevated second corridor of the Mumbai metro rail project. Gammon Infrastructure Projects Limited was entered into the capital market with its initial public offering (IPO) of 1,65,50,000 equity shares of par value Rs. 10 each issued at the premium of Rs.157 per share.