Gammon Targets Electrical Business

Gammon India, construction behemoth, is planing to foray into electrical equipments business along with its infrastructure business. Power Transmission is another area which the company is planning to focus on and all this, the company says, will be powered by acquisitions. With order book already three times its turnover at over Rs 8000 crore, the company is expecting another Rs 1000-1500 crore order over the next three months. With billions of dollars worth of infrastructure development projects to be up for grabs, the company looks well positioned but clearly its diversification plans will need more focus. After all, those are territories dominated by big daddies like L&T & KEC.