Gammon Infrastructure Projects Ltd. surges in trade. Know why
Advertisement
Advertisement
Gammon said it would sell three of its power projects, spanning coal, hydro and renewable energy, and six road projects in various parts to the country to raise cash. These projects will be sold to
The road projects are situated in various parts of India such as Gorakhpur, Rajamundary, Vijaywada, Nasik and Andhra Pradesh. The sale proceeds will help the company cut debt to 2,229 crore rupees from 3,947 crore rupees.
As a consequence, Gammon Infra surged 5.3 percent to 12 rupees on the
Advertisement
Advertisement
- I got a $40K raise using this 30-second strategy. It made me realize loud work, not hard work, always wins.
- Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo
- Prince Harry and Meghan found out about Kate Middleton's cancer diagnosis on TV like everyone else, report says
- Ice melt in Antarctica and Greenland is slowing Earth's rotation, affecting timekeeping: Study
- Elections on a plate: Poll panels fix menu & expense ceiling for Samosa, tea, biryani & more
- Regenerative farming, cover crops will help farmers increase yields, reduce stubble burning: IDH CEO
- Sustainable Event Planning
- Ambani, Adani collaborate: RIL picks 26% stake in Adani Power project