KK Mohanty believes the scheme will be more effective at lower interest rates.
The finance ministry seeks to extend the 5:25 scheme to all stalled infrastructure projects. The scheme is likely to help easing project and finance bottlenecks. It will also address issues related to the non-performing assets.
Speaking to CNBC-TV18, KK Mohanty, MD, Gammon Infrastructure says the 5:25 scheme is a positive step for infra companies and will be more effective at lower interest rates.
According to him, interest rate of construction projects is currently around 12 percent. Post 5:25 scheme, investors can earn returns at the start of the project.
The company is planning to implement the scheme for its new projects.
Interview transcript to follow shortly
Gammon Infra stock price
On December 03, 2014, at 14:10 hrs Gammon Infrastructure Projects was quoting at Rs 15.45, up Rs 0.75, or 5.10 percent. The 52-week high of the share was Rs 20.85 and the 52-week low was Rs 6.60.
The latest book value of the company is Rs 7.14 per share. At current value, the price-to-book value of the company was 2.16.
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