Gammon Infrastructure
Projects is now locked at the 20 percent upper circuit limit at Rs. 13, on the
back of positive news flow.
According to a release issued by the company to the BSE,
Gammon Infrastructure yesterday said that Indira Container Terminal Private
Limited (‘ICTPL'), one of the joint venture SPV of the Company, has accepted
the Mumbai Port Trust (MbPT) proposal for alternative use of the Offshore
Container Terminal for Roll-on/Roll-off operations, i.e. operations of
providing facilities to the importers and exporters of automobiles and self
propelled equipment, for a period of one year from the date of operation with
revenue share of 45 percent to ICTPL and 55 per cent to MbPT.
The counter has seen trades of around 260,000 shares as
against the two-week daily average volume of 134,000 shares.
Meanwhile, the BSE Sensex is up 52 points at 27,697.
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