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Last Updated : Aug 14, 2015 01:54 PM IST | Source: CNBC-TV18

Loan repayment helped Q1; 3 new projects to aid Q2: Gammon

Speaking to CNBC-TV18, Kishor Kumar Mohanty, MD, Gammon Infrastructure says the company benefited from fall in interest costs due to repayment of IDFC loan.

Gammon Infrastructure’s net profit rose to Rs 3.8 crore against a loss of Rs 20.6 crore year-on-year. Speaking to CNBC-TV18, Kishor Kumar Mohanty, MD, Gammon Infrastructure says the company benefited from the reduced interest costs due to repayment of IDFC loan.

He expects Gammon to benefit from the three projects-- Cogen plant, Godavri bridge and Hazipur-Muzzafarpur road-- this year.

For entire interview, watch accompanying video.

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First Published on Aug 14, 2015 08:59 am
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