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GMR sticks to $1.4 bn claim for Male contract termination

Last Updated: Friday, April 25, 2014, 17:41

With a legal tussle on between the Maldivian government and GMR over termination of a contract to develop Male international airport, the Indian infrastructure firm on Friday said it stood by its compensation claim of USD 1.4 billion.

India enforces freeze on aid to Maldives: Report

Last Updated: Friday, December 07, 2012, 13:12

Amid the raging diplomatic row over the unilateral cancellation of the GMR contract, India has put on hold a Rs 250 crore loan to Maldives.

GMR contract termination`s impact `inevitable` on ties: India

Last Updated: Thursday, November 29, 2012, 20:15

After Maldives terminated USD 500 million GMR airport project, India made it clear that it would "inevitably" impact on bilateral ties given the "climate created" which was a matter of "concern".

Nasheed terms government xenophobic, GMR says not leaving

Last Updated: Wednesday, November 28, 2012, 23:49

Indian infrastructure giant GMR has described as "illegitimate" an order by the Maldives government to hand over the Male airport within seven days after its contract was annulled, and insisted the company will not leave the Indian Ocean archipelago nation.

Maldives scraps GMR-Male Airport contract; India slams it

Last Updated: Tuesday, November 27, 2012, 21:41

The USD 500-million project was hanging in balance ever since the regime change in Maldives earlier this year. The GMR group had won the contract during the regime of former President Mohamed Nasheed.

GMR gets temporary relief in legal tussle over Male airport

Last Updated: Tuesday, November 20, 2012, 19:00

The Singapore High Court has dismissed the application filed by Maldives Airports Company seeking vacation of the injunctive order granted in favour of GMR Male International Airport (GMIAL), the Indian infrastructure giant said Tuesday.