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GMR

GMR Infrastructure Suffers Greater Loss in July-September Quarter

GMR Infrastructure Suffers Greater Loss in July-September Quarter
The Bengaluru based publicly held infrastructure developer, GMR infrastructure has suffered a greater loss in the July-September quarter of this year amounting to Rs.610 crore. This is 1.5 times greater than its net loss of Rs.393 crore for the corresponding quarter last year. Reasons for Loss: There have been a number of reasons cited for [...] Continue Reading »

GRM signed memorandum to provide financial assistance

GRM signed memorandum to provide financial assistance
During Prime Minister Narendra Modi’s visit to Japan, GMR Infrastructure signed a memorandum of understanding to provide financial assistance to Japanese companies investing in infrastructure projects of the GMR Group. According to a statement, the objective of this MoU is to provide low-cost, long-term financing for infrastructure projects that involve Japanese companies. These could be [...] Continue Reading »

Infrastructure loan refinancing: RBI gives green signal

Infrastructure loan refinancing: RBI gives green signal
There is some good news for the Infrastructure projects. The sector was reeling under the slowdown and the banks had declared many loans to such projects as bad debts. Infrastructure companies may take advantage of a small window of opportunity offered by the Reserve Bank of India (RBI) to refinance at least Rs 30,000 crore [...] Continue Reading »

GMR proposes to develop massive green-field port at Kakinada

GMR proposes to develop massive green-field port at Kakinada
The Bangalore-based bigwig infrastructure firm GMR Group has completed initial studies in connection with its proposal to set up a massive green-field port at Kakinada, at an expected investment of approximately Rs 2,500 crore. The proposed green-field port will be set up by GMR in the backyard of Kakinada Special Economic Zone (KSEZ) on Andhra [...] Continue Reading »

NHAI projects moving at a slow pace in Rajasthan

NHAI projects moving at a slow pace in Rajasthan
The recent incident of manhandling of NHAI officials by a ruling party MLA is likely to become another impediment in the speedy execution of the ongoing works. However, the skirmishes between the state authority and NHAI have a long history in Rajasthan. The delay in construction of the hanging bridge in Kota which led to [...] Continue Reading »

Hoping to award 5,000 km of roads, NHAI wary about FY15

Hoping to award 5,000 km of roads, NHAI wary about FY15
NHAI is a lot more optimistic about FY15 after a dismal FY14, in which approximately 1,400 km of expressways were awarded for construction, and hopes to get back to levels seen in FY12, reports sources in New Delhi. However, NHAI’s commentary is pessimistic and it says projects in the EPC mode are dependent upon it [...] Continue Reading »

$35-m equity investment in Cebu airport is aim of GMR

$35-m equity investment in Cebu airport is aim of GMR
GMR spokesperson says that GMR and its partner plan to double the passenger capacity to 14 million per year in the next three-four years. The consortium consisting of GMR and Philippines’ Megawide Construction Corp was recently awarded a 25 year contract for the development of the country’s second largest airport. The spokesperson says that the [...] Continue Reading »

Green buildings achieve a major landmark

Green buildings achieve a major landmark
Mr. S Raghupathy, Executive Director of CII-Godrej Green Business Council, says that this is an important development in the country and has caught the attention of commercial buildings, Government offices, heritage buildings and homes as the price has decreased over the years. He also concluded that the price of establishing a green building varies upon [...] Continue Reading »

Polls put brakes in MAS in power, infrastructure sectors

Polls put brakes in MAS in power, infrastructure sectors
Brakes have been put on mergers and acquisitions activity in the power and infrastructure space due to general elections. Earlier Infrastructure developers which were anxiously investigating for investors are now pushing negotiations waiting for elections as they suppose that a stable new government may increase their threadbare valuations. Conversely, the investors are going through deals [...] Continue Reading »

Airport fees at Delhi and Mumbai to remain unchanged till May 31

Airport fees at Delhi and Mumbai to remain unchanged till May 31
As the Airport Economic Regulatory Authority (AERA) is yet to complete the process for determining tariffs for the second control period starting April 1, 2014 and ending on March 31, 2019, Airport charges and user development fees at Delhi and Mumbai will remain unchanged till May 31. Delhi International Airport had submitted its proposal on [...] Continue Reading »



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