LIMA, Peru--Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) (“the Company” or “Graña y Montero”) a leading Engineering and Construction company, announced today that its subsidiary CAM was awarded a contract for the execution of a project consisting of providing a “comprehensive work and maintenance services in Lima” for the client EDELNOR.
The scope of service includes new connections, power outage, service restoration, invoice distribution and interpretation, public lightning maintenance, emergency assistance, among others.
The approximate amount of the contract is of US$ 48,200,000.00 and has a duration period of three years.
About Graña y Montero S.A.A.
Graña y Montero is the only Peruvian engineering and construction company listed on the Lima Stock Exchange since 1997 and in the NYSE since 2013. The Company has participated in the development of major engineering and construction projects in Peru, including large-scale, complex projects in the energy, mining, construction and real estate sectors.
With 82 years of operations, the Company has leveraged its engineering and construction expertise into complementary lines of business, such as the development, ownership, operation and maintenance of infrastructure assets, real estate developments, and the provision of technical services. The Company has significant investments in infrastructure concessions, such as three toll roads and Line 1 of the Lima Metro.
The Company has also executed several projects outside Perú, and has acquired three companies in Chile: DSD Construcciones y Montajes, an engineering and construction company specialized in providing services to the energy, oil and gas, cellulose and mining sector in Chile and Latin America; Vial y Vives, a construction company specialized in the mining sector, and CAM, specializing in electric services, with operations in Chile, Peru and Colombia. It acquired Morelco, a Colombian company specialized in electromechanical assemblies, civil works, and services for the oil and gas industry as well as energy industry. Finally, it recently acquired Adexus, which is a leading company based in Chile which provides services and solutions of information technology for Chile, Peru, Argentina and Ecuador.