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13

Gammon India | Gammon India shares plunge | Delhi Metro bridge collapse | Gammon India shares plunge after Delhi Metro bridge collapse

Posted on: July 13, 2009 at 11:26 am | 52 views




Gammon India | Gammon India shares plunge | Delhi Metro bridge collapse | Gammon India shares plunge after Delhi Metro bridge collapse

MUMBAI: Shares of Gammon India Ltd opened down over 15 percent on Monday after a rail bridge it was working on collapsed in New Delhi.

Early on Sunday the pillar holding up the overhead railway tracks collapsed, causing the concrete slabs being laid to come crashing down.

Shares in Gammon India fell as much as 17.49 percent in early trades and at 10.01 a.m. were down 10.67 percent at 144 rupees in a weak Mumbai market.

Shares in Gammon Infrastructure Projects Ltd, in which Gammon India holds over 70 percent as of March-end, were down nearly 5 percent, at 118.45 rupees.

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