Tuesday, June 30, 2015

Buy opportunity for Gammon Infra.

Gammon Infrastructure Projects Limited ("GIPL") is an infrastructure project development company incorporated by Gammon India Limited.

Gammon Infrastructure Projects Ltd has informed BSE on 29 Jun, 2015 that Indira Container Terminal Private Limited (‘ICTPL'), one of the joint venture SPV of the Company, has accepted the Mumbai Port Trust (MbPT) proposal for alternative use of the Offshore Container Terminal for Roll-on/Roll-off operations, i.e. operations of providing facilities to the importers and exporters of automobiles and self propelled equipment, for a period of one year from the date of operation with revenue share of 45% to ICTPL and 55% to MbPT.

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