Gammon Infrastructure Projects Limited (GIPL) has decided to divest its entire stake in nine infrastructure projects to BIF India Holdings Pte Limited, jointly held by Brookfield Asset Management and its affiliates and Core Infrastructure India Fund Pte Limited.
Tag: GIPL
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Cost escalation ruins infra firms' hope
The rising finance cost has eaten into the profit margins of major infrastructure firms in the first half of the current fiscal year. Infrastructure companies have witnessed a sharp increase in their finance cost during April-September 2012. An analysis of the financial statements of 16 infrastructure firms shows financial cost going up because of huge debt, tight monetary policy and high risk perception.
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Gammon gets NHAI project
Gammon Infrastructure Projects (GIPL) has bagged a Rs 1,684 crore project from National Highways Authority of India (NHAI) for widening Vijaywada-Gundugolanu section of National Highway in Andhra Pradesh. GIPL has got the order on BOT (Toll) mode.The project will be built on design, build, finance,operate and transfer basis.