Brief: Gammon Infrastructure Projects Says Unit Enters Settlement-Cum-Closeout Deal With NHAI

AJR Infra and Tolling

04/01/2019 13:36

Jan 4 (Reuters) - Gammon Infrastructure Projects Ltd
 GAIN.NS :
    * UNIT ENTERED SETTLEMENT-CUM-CLOSEOUT AGREEMENT WITH
NATIONAL
HIGHWAYS AUTHORITY OF INDIA
    * UNIT PAID 180.5 MILLION RUPEES TO NHAI FOR SETTLEMENT
    * AGREEMENT IN CONNECTION WITH UNIT'S PROJECT FOR
'SIX-LANING OF
VIJAYAWADA-GUNDUGOLANU SECTION OF NH-5
    * NHAI RELEASED PERFORMANCE SECURITY IN FORM OF A BANK
GUARANTEE
GIVEN FOR 842 MILLION RUPEES

Source text: http://bit.ly/2RttKbn
Further company coverage:  GAIN.NS 

 ((Reuters.Briefs@thomsonreuters.com;))