Gammon gets financial closure for 5 road projects
ROADS & HIGHWAYS

Gammon gets financial closure for 5 road projects

Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects, according to Parag Parikh, ED and CFO, Gammon Infra. The five road projects include Yamunanagar-Panchkula in Haryana, Patna-Buxar in Bihar, Sidhi-Singrauli in Madhya Pradesh, Birmitrapur Barkote in Orissa and Vijayawada Gundugolanu in Andhra Pradesh.

All of these projects have been financially closed through different large banks and institutions and so it does sort of give us a very strong sense of comfort that the projects will now gradually progress on its implementation phase, Parikh said.

Gammon Infrastructure Projects has received financial closures for five road projects spread across different states. The company received a total grant of over Rs 1,000 crore for these projects, according to Parag Parikh, ED and CFO, Gammon Infra. The five road projects include Yamunanagar-Panchkula in Haryana, Patna-Buxar in Bihar, Sidhi-Singrauli in Madhya Pradesh, Birmitrapur Barkote in Orissa and Vijayawada Gundugolanu in Andhra Pradesh. All of these projects have been financially closed through different large banks and institutions and so it does sort of give us a very strong sense of comfort that the projects will now gradually progress on its implementation phase, Parikh said.

Next Story
Infrastructure Energy

Adani Green Hits 15.5 GW Operational Capacity

Adani Green Energy Ltd (AGEL) announced on Monday that its total operational renewable energy capacity has reached 15.54 GW, comprising 11 GW of solar, 1.98 GW of wind, and 2.56 GW of hybrid (wind-solar) installations.The company said this combined capacity of 15,539.9 MW is capable of powering approximately 7.9 million households.Ashish Khanna, CEO of AGEL, reaffirmed the company's long-term commitment to clean energy, stating, “We aim to accelerate even faster from 15,000 MW to 50,000 MW by 2030, remaining steadfast in our mission to power India and the world with sustainable energy soluti..

Next Story
Infrastructure Energy

NABARD Tenders 70 kW Solar Rooftop in Ahmedabad

The National Bank for Agriculture and Rural Development (NABARD) has invited bids to design, supply, install, test and commission a 70 kW grid connected solar rooftop system across two of its buildings in Ahmedabad, Gujarat. The work covers NABARD Tower in Usmanpura (40 kW) and NABARD Vihar in Navrangpura (30 kW) at an estimated cost of Rs 2.63 million.Issued on 27 June 2025, the tender must be submitted via the Government e Marketplace portal under a two bid system. A pre bid meeting will be held at NABARD’s regional office in Usmanpura at 3 p.m. on 4 July, with bids closi..

Next Story
Infrastructure Energy

NHPC, IOCL Team Up for Pumped Storage and Renewables

State run power major NHPC and Indian Oil Corporation Ltd (IOCL) have signed a memorandum of understanding to pursue joint ventures for pumped storage, hydroelectric and other renewable energy schemes in India and overseas. The agreement, inked in New Delhi by NHPC Executive Director Rajat Gupta and IOCL Executive Director Pravin Dongre, seeks to create long term collaboration that accelerates both companies’ transition to cleaner power.Senior leaders present included NHPC Chairman and Managing Director R.K. Chaudhary, Director (Finance) R.P. Goyal and Director (Technical) Suprakashâ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?