Flyover collapse rattles Gammon India

DALAL STREET SPIKES

The share price of India's sixth largest construction company by sales, Gammon India, plunged 12 per cent to Rs 401 after the flyover it was building in Hyderabad collapsed on September 9.

The stock recovered to close at Rs 420 down 9 per cent over its previous close of Rs 461. The collapse of the flyover could affect Gammon's ability to get new contracts. Gammon India has varied presence in almost every civil engineering segment.