With reference to the earlier announcement dated June 11, 2008 regarding the acquisition by Gammon India of Sadelmi S.p.a., Italy and Franco Tosi Meccanica S.p.a, Italy, Gammon India Ltd has further informed to BSE as follows:

1. The cost of acquisition of 50% shares of Sadelmi S.p.a. having its registered office at Via A. Falck n. 4/16 - 20099 Sesto San Giovanni (Milan), Italy was Euro 7.5 Million.

2. The cost of acquisition of 75.1% shares of Franco Tosi Meccanica S.p.a. having its registered office at Piazza del Monumento n. 12, Legnano - Milan, Italy was Euro 40 Million.