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Gammon India loss

The promoters of Gammon India have decided to raise a contribution of 100 crore

The promoters of Gammon India have decided to raise a contribution of 100 crore
The promoters of Gammon India along with their affiliates have recently decided to raise about a 100 crore as ‘Promoter Contribution’. This will be done by subscribing towards all shares of equity that have been allotted to them on the basis of preference so that the restricting package of debt  which has been sanctioned by [...] Continue Reading »

Write-offs of Rs 280 cr adds up Gammon India loss to Rs 454 cr

Write-offs of Rs 280 cr adds up Gammon India loss to Rs 454 cr
Write offs of Rs 280 crore have further added to the losses of Gammon India. Due to write offs Gammon India has faced a loss of Rs 454 crore.  This has been reported in the audit result done in December. The net sale decreased by 16.3% to Rs 1,020 crore and loss of Rs 150 [...] Continue Reading »



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