Mumbai-based Gammon India Ltd has notified that it has secured a project costing Rs 400 crore from Punatsangchhu Hydro Electricity Project authority.

The contract involves construction of approximately 7500 m long 10 m finished dia, Circular Shaped concrete lined Head Race Tunnel (HRT) at Wangdue, approx. 80 kms. from Thimpu, Bhutan.

Gammon India Limited provides infrastructure engineering and construction services in India and internationally.

At 10:26 am, the shares of Gammon India were quoting at Rs 75.75, up Rs 5.05, or 7.14%. The scrip touched an intraday high of Rs 77.70 and an intraday low of Rs 71.30.

It may be noted that on Monday the share closed up 6.64% or Rs 4.40 at Rs 70.70.