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Gammon India acquires 84.16% Metropolitan Infrahousing stake

Engineering and construction firm Gammon India today said it has successfully acquired an 84.16 per cent stake in Metropolitan Infrahousing Private Ltd. Consequently, Metropolitan Infrahousing is now a subsidiary of Gammon India, the company said in a filing to the Bombay Stock Exchange.

The company, however, did not disclose the price at which it acquired the Metropolitan Infrahousing shares. Recently, the company received a Rs310 crore order for supply of steam turbines and boilers for the Nagai power plant.

Source: Economic Times

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