GMR Infrastructure Limited
It has been 18 months since the GMR Infrastructures Limited had been terminated by the government of Maldives. Recently, it has come to our notice that a concession agreement which would be used to run the island was ruled in favour of the infrastructure development. This Thursday, it was announced by the GMR a couple [...] 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 »
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 »
