GMR Infra
US private equity firm KKR & Co and co-investors have agreed to provide Rs 1,000 crore ($164.2 million) in long-term financing to GMR Holdings Pvt Ltd, the holding company for GMR Infrastructure Ltd. Without disclosing the terms of the transaction, GMR Holdings said the deal is subject to customary transaction documentation. GMR Group has interests [...] Continue Reading »
If Indian companies have not used the loans they raised for expansion projects, then where has it all gone is a matter to understand. While a prolonged economic slowdown has brought new investments to a standstill, it has increased the working capital requirement of some companies quite substantially. In sectors where a large amount of [...] Continue Reading »
In the three months to June 2014, the number of loss-making companies in the BSE 500 universe declined for the first time in seven quarters. It seems that after the change of leadership at the center, there are some positive vibes in the market and the companies have improved their sales turnovers. Of a subset [...] Continue Reading »
A lot of new companies are entering the Fortune magazine list. Tobacco-to-FMCG conglomerate ITC has replaced Tata group IT giant TCS as the country’s most admired company on a Fortune magazine list. This list has got as many as 19 new entrants including Cognizant, Birla group firm Idea Cellular and discom BSES Rajdhani Power Ltd. [...] Continue Reading »
Publicly-held, Bangalore-based realty firm GMR Infra is set to commence the second phase of monetisation of its land parcel near the Delhi International Airport. The phase will likely begin during the ongoing financial year. For the 230-acre land, GMR Infra – which manages the airport – is expected to get a price of more than Rs [...] Continue Reading »
GMR Infrastructure Ltd, which currently has an ‘asset light’ business strategy, is apparently planning an overall business strategy shift in favour of more ‘balanced growth.’ The business strategy shift which is being mulled by GMR will come at a time when the market sentiment is witnessing an improvement. The GMR Group is already prepared to [...] Continue Reading »
GMR Infrastructure consortium has won a second rail project — a rail line doubling project which comprises three construction packages in South Central Railway’s Secunderabad division. The project is worth Rs 389 crore; with GMR’s share of work being approximately Rs 207 crore. The scheduled timeline for the commencement of the rail-doubling project is mid-July [...] Continue Reading »
GMR Energy filed draft red-herring prospectus (DRHP) with SEBI to raise about Rs 1,450 crore by tapping primary markets.GMR Infrastructure has interests in airports, power, roads and EPC businesses. Mr. Madhu Terdal, group CFO of GMR Infra, says that the company has filed the prospectus as a security step and the SEBI approvals are likely [...] Continue Reading »
