sector: Industrials ·
industry: Engineering & Construction ·
As of
3:46pm IST
18.65INR
Gammon Infrastructure Projects Limited is an infrastructure development company. The Company is engaged in developing, investing in and managing various initiatives in the infrastructure sector. It is engaged in the development of various infrastructure projects in sectors like transportation, energy and urban infrastructure through several special purpose vehicles (SPVs). It is also engaged in carrying out operation and maintenance (O&M) activities for the transportation sector projects. Its subsidiaries include Andhra Expressway Limited, Bed! Seaport Limited, Gammon Hospitality Limited, Gammon Logistics Limited, Gammon Metro Transport Limited, Gammon Projects Developers Limited, Gorakhpur Infrastructure Company Limited and Ras Cities and Townships Pvt Limited. In October 2009, it acquired equity interest in Vizag Seaport Pvt. Ltd. (VSPL) from International Port Services Pvt. Ltd. Pursuant to the acquisition, the Company held 73.76% interest in VSPL.
BRIEF: For the six months ended 30 September 2009, Gammon Infrastructure Projects Limited's revenues increased 64% to RS1.63B. Net income decreased 26% to RS138.6M. Revenues reflect an increase in income from Group's ordinary activities of the business. Net income was offset by an increase in operations & maintenance costs and a rise in other expenditures. The companies principal activity is to provide infrastructure development.
Gammon Infrastructure Projects Limited
Gammon House,
Veer Savarkar Marg, Prabhadevi
Mumbai 400 025
P: +9122.56614000
F: +9122.56614025