Held on 27 October 2015
Gammon India announced that the Board of Directors of the Company at its meeting held on 27 October 2015 approved the transfer of part of its T&D Undertaking to Transrail Lighting by way of slump sale on a going concern basis. The T&D Undertaking essentially comprises of tower manufacturing and conductor manufacturing businesses carried out by the Company through its facilities located at Deoli and Silvassa respectively along with related assets, liabilities and employees.Powered by Capital Market - Live News