To gain from RBI norms over medium-long term: Gammon Infra

Written By Unknown on Rabu, 16 Juli 2014 | 14.02

Finance minister Arun Jaitely in Union Budget on July 10 had underlined his government's focus to revive Indian economy by giving an impetus to the infrastructure sector.

Hailing the Reserve Bank of India's move to relax infrastructure financing rules for long-term infra bonds , KK Mohanty, MD,  Gammon Infra says the new government's reform moves for infra sector are credit-worthy.

Finance minister Arun Jaitely in Union Budget on July 10 had underlined his government's focus to revive Indian economy by giving an impetus to the infrastructure sector.

According to Mohanty, the company will be able to reap benefits from the RBI norms over medium to long-term and do not see any short-term gains from the move. The small-cap company has not bid for any new projects since past two years, he adds.

Transcript to follow shortly

Gammon Infra stock price

On July 16, 2014, at 12:30 hrs Gammon Infrastructure Projects was quoting at Rs 14.80, up Rs 0.25, or 1.72 percent. The 52-week high of the share was Rs 16.43 and the 52-week low was Rs 6.05.


The latest book value of the company is Rs 8.56 per share. At current value, the price-to-book value of the company was 1.73.


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