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GMR seeks nod for buying out partner's stake in MRO facility

Last Updated: Wednesday, July 23, 2014, 18:16

GMR Group may buyout the entire 50 percent stake owned by its partner Malaysian Aerospace Engineering in an aircraft maintenance repair and overhaul (MRO) unit located at an SEZ near Hyderabad International Airport.

GMR says Maldives govt, aviation agency liable to pay damages

Last Updated: Thursday, June 19, 2014, 16:08

The GMR Group, which had to exit the Male airport project, today said a tribunal has declared the Maldivian government and the nation's airport agency "jointly and severally liable in damages" to the company for loss caused by the wrongful repudiation of the agreement.

Govt rejects GMR plea to extend ToR validity for hydel project

Last Updated: Thursday, June 05, 2014, 10:52

When contacted a senior official of GMR said they are now gearing up to participate in the public hearing within the expiry of the validity of ToR.

GMR asks Jaiswal to take up Chhattisgarh power proj with CCEA

Last Updated: Wednesday, November 06, 2013, 15:34

GMR Group has asked Coal Minister Sriprakash Jaiswal to take up with CCEA the issue of providing fuel for its 1370 MW supercritical power project in Chhattisgarh, involving a cost of Rs 8,290 crore, which is scheduled to start commercial operations next year.

ACC clean chit to GMR does not change our stand: Maldives

Last Updated: Tuesday, June 18, 2013, 15:41

The current Maldivian government had in December last year unilaterally terminated the over USD 500 million contract given to GMR Group to develop and operate Male Airport.

DIAL can't display GMR, IPL team logos for free: Auditor

Last Updated: Thursday, April 11, 2013, 22:08

The GMR Group, which holds majority stake in the joint venture running the Delhi airport, has to share the revenue it earns from displaying ads of GMR and its Indian Premier League team at the airport with its partner AAI, an independent auditor is learnt to have said.

Megawide says to tie up with GMR to bid for Philippines project

Last Updated: Thursday, April 04, 2013, 15:50

Philippines-based Megawide Construction Corp has said it has reached an understanding with infrastructure developer GMR Group to bid for the development of Mactan-Cebu International Airport (MCIA) in the southeast Asian country.

GMR Group completes sale of Singapore unit

Last Updated: Monday, April 01, 2013, 15:26

The transaction was concluded on March 28 after getting all the necessary approvals, the company said in a statement.

GMR Group's Warora power plant starts commercial generation

Last Updated: Friday, March 22, 2013, 18:26

GMR Group's thermal power plant at Warora in Maharashtra has started selling electricity from its 300 MW unit commissioned in December last year.

GMR may sell 5-Star hotel at Hyderabad Airport

Last Updated: Sunday, March 10, 2013, 11:26

Infrastructure builder GMR Group has put its Rs 300-crore five-star hotel at the Rajiv Gandhi International Airport here up for sale as it realigns its assets, sources said.

GMR to sell 70% stake in GMRE Singapore for Rs 2,907 cr

Last Updated: Monday, March 04, 2013, 20:35

Infrastructure major GMR Group Monday said it will divest its 70 percent stake in GMR Energy (Singapore) Pte (GMRE) to FPM Power for SGD 660 million (Rs 2,907 crore).

GMR in pact with Macquarie SBI to divest 74% in highway project

Last Updated: Wednesday, February 13, 2013, 19:31

GMR Group has signed a pact with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust to divest 74 percent stake in GMR Jadcherla Expressways Ltd (GJEL) for Rs 206 crore.