GMR
The GMR has moved the AP High Court challenging the decision of the Airports Economic Regulatory Authority (AERA) in discontinuing collection of user Development Fee for the next two years. The GHIAL has concluded that the AERA has no jurisdiction to fix the UDF and it was the Central government of India who has power [...] Continue Reading »
A final decision on the future of large road projects awarded by the UPA-II government including widening of the 555-km Kishangarh-Udaipur-Ahmedabad road bagged by GMR will depend upon the next government. The reason for this is that some developers will start project only if the National Highways Authority of India (NHAI) compensates them for the [...] Continue Reading »
Further delays are being faced by Ahmedabad airport for its privatisation. Recently Madras High Court vacated a stay on the privatisation process, now the Airport Authority of India (AAI) is in anticipation of an approval on a concessional agreement from the Ministry of Civil Aviation. After such an approval will the authority be able to [...] 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 »
