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Gammon Infrastructure Projects Receives Letter of Award From NHAI for Birmitrapur - Barkote Section of NH-23

  • Gammon Infrastructure Projects Ltd has received the letter of award for the 'Rehabilitation and Upgradation of Birmitrapur to Barkote section of NH-23 (km 211.200 to km 336.815) in the State of Orissa under NHDP IV on design, build, finance, operate and transfer (DBFOT) on BOT (Toll) basis (the "Project").

  • The Project cost, as estimated by NHAI, is Rs. 778.15 crores. The Company will receive a grant of Rs. 311 crores during the construction period of the Project.The concession period of the project is 23 years, including a construction period of 2.5 years.The Gammon Infrastructure Projects Ltd stock was trading at Rs.15.60, up by Rs.0.70 or 4.70%. The stock hit an intraday high of Rs.15.80 and low of Rs.14.80.The total traded quantity was 2.15 lakhs compared to 2 week average of 1.01 lakhs.

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