GMR Group
GM Rao, group chairman, said, GMR Group, infrastructure and aviation major, may bid for the impending privatisation of the Sardar Vallabhbhai Patel International Airport at Ahmedabad. Rao said, speaking on the sidelines of a convocation ceremony at the Entrepreneurship Development Institute of India (EDI) here, “Whenever the bid opens we may bid for the Ahmedabad [...] Continue Reading »
The GMR group which grabbed the bid for the Mactan Cebu international airport project in the Philippines is facing problems as a petition has been filed against them in the country’s Supreme Court to scrap the deal. Mr. Serge R Osmeña III, a Philippine politician, says that GMR group broke the bid rules that barred [...] Continue Reading »
The Airports Economic Regulatory Authority (AERA) has ordered to scrap the user development fee at Rajiv Gandhi International Airport here. GMR Hyderabad International Airport is considering challenging the order as this will have a negative impact on the company’s financials, said Siddharth Kapur, CFO, GMR Infrastructure’s airport business. Kapur said on the sidelines of India [...] Continue Reading »
GMR Infrastructure Limited, an infra-major, informed that a consortium led by the company has bagged its first rail project. The company is the lead member of the consortium with Tata Projects and Kalindee Rail Nirman Ltd as the partner for OHE (overhead electrification), track works and S&T (signalling and telecommunications) works respectively. The work involves [...] Continue Reading »
GMR Group has offered a small stake to a clutch of private equity investors in its flagship company to compensate for a delay in facilitating their exit in one of GMR’s units. Singapore’s state-owned investment firm Temasek Holdings Pte Ltd, and a consortium of investors led by Indian private equity (PE) firm IDFC Alternatives have [...] Continue Reading »
National Highways Authority of India (NHAI) is seeking to push a relief package for road developers as many are under stress and are finding it tough to raise debt and equity to finance projects they had bagged by offering to pay a premium. Now the agency is looking to get approval for a staggered payment which will [...] Continue Reading »
New Delhi- With the GMR group walking out of the Kishangarh- Udaipur-Ahmedabad project slated for 16 months after securing the order has invited trouble as the National Highways Authority of India (NHAI) may take legal action against GMR Group. An estimated investment of about Rs 5,387 crore was expected for the project.This project with an annual premium of 26 years and [...] Continue Reading »
Bangalore is fast moving ahead with excellent infrastructures getting launched. Garden city will soon be famous as inter-modal transport hub. The Karnataka State Road Transport Corporation’s (KSRTC) will be heading the plan and will commence within a year. KSRTC has started bids for Rs 1,500 crore project under the jurisdiction of Public-Private Partnership (PPP) model [...] Continue Reading »
