Gammon Infrastructure Projects Ltd’s arm Pravara Renewable Energy Ltd. has commissioned its 30 MW bagasse based cogeneration power project at Pravaranagar in Ahmednagar district in Maharashtra. “Pravara Renewable Energy Ltd, the company’s wholly-owned subsidiary has completely synchronized its 30 MW bagasse based cogeneration power project at Pravaranagar in Ahmednagar district in Maharashtra on November 6, 2015… “…and started the commercial production of electricity and export of power to state grid,” Gammon Infrastructure Projects said in a BSE filing. PREL has signed the Power Purchase Agreement (PPA) with Maharashtra State Electricity Distribution Company Ltd for 13 years on the preferential tariff as decided by Maharashtra State Electricity Regulatory Commission from time to time, it added.
Gammon Infra stock price On November 13, 2015, Gammon Infrastructure Projects closed at Rs 7.34, down Rs 0.12, or 1.61 percent. The 52-week high of the share was Rs 20.85 and the 52-week low was Rs 6.52. The company’s trailing 12-month (TTM) EPS was at Rs 0.02 per share as per the quarter ended June 2015. The stock’s price-to-earnings (P/E) ratio was 367. The latest book value of the company is Rs 8.68 per share. At current value, the price-to-book value of the company is 0.85.