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| Nse Corporate Announcements | Back |
| Gammon Infrastructure Projects Limited - Updates | |
| Gammon Infrastructure Projects Limited has informed the Exchange that the Company has sold its 50% stake in the 12MW operational biomass power plant of Punjab Biomass Power Ltd. at Ghanour to its joint venture partner for a cash consideration. Further, the company has sold its 50% stake in seven other biomass power projects in Punjab to its joint venture partner and has in turn bought an additional 50% stake in six biomass power projects in Haryana and one in Punjab from the joint venture partner. The Company, as a result of the transaction, will have 100% stake in biomass projects to generate 66 MW power. The transaction, however, is subject to the approval of the concerned authorities and lenders. |
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