Board of Directors of the Gammon India Ltd will be held on April 27, 2015 to consider and approve, on a preferential basis, issue of Zero Coupon Unsecured Compulsorily Convertible Debentures to the Promoters and their affiliate against the "Promoter Contribution" amounting to Rs. 100 Crs brought in by the aforesaid persons in the year 2013 as envisaged under the Company's Corporate Debt Restructuring Scheme approved by the Corporate Debt Restructuring Empowered Group on June 27, 2013.
Company bagged two projects in environment & transportation sector worth around Rs 840 crore. Out of the total, one order is worth Rs 516.73 cr while the other one is for Rs 323.92 cr.
The 516.73 cr-contract included construction of diaphragm wall, jetty, piles, interlocking roads, guide walls and MS railing.
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