MUMBAI (Commodity Online): India-based civil construction company, Gammon India Ltd (BOM:509550) rose significantly on the Bombay Stock Exchange (BSE) today as the company obtained an order worth Rs.137.28 crore.

The company stocks had surged by 4.44% in the morning trades today to Rs.225.70. The company announced the new order win after market hours on Wednesday, 24 February 2010.

The stock hit a high of Rs.226.40 and a low of Rs.219 so far during the day. The stock had hit a 52-week high of Rs.276 on 20 January 2010 and a 52-week low of Rs.49.60 on 9 March 2009.

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Gammon India has bagged the latest order from the International Society for Krishna Conciousness (ISKCON) for construction of Sri Chaitanya Chandrodaya Mandir and Indian educational & cultural centre at Nadia, West Bengal.

In December 2009, Gammon India's overseas unit SAE Powerlines S.R.L., Italy, secured a 220-kilovolt-transmission line turnkey contract aggregating $22.5 million in Algeria. Gammon India's net profit spurted 309.2% to Rs 20.87 crore on 55.2% surge in net sales to Rs 1014.54 crore in Q3 December 2009 over Q3 December 2008.

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