GMR infra not to sell controlling stake in Hyderabad Airport

GMR infra not to sell controlling stake in Hyderabad Airport

 GMR Infrastructure on Friday denied selling controlling stake in Hyderabad Airport but added that it is exploring opportunities to raise funds. 

GMR Energy divests 30% stake to Malaysia firm at $300 million

GMR Energy divests 30% stake to Malaysia firm at $300 million

 GMR Infrastructure said on Monday that it has approved the proposed primary capital investment by Malaysian power utility Tenaga Nasional Berhad (Tenaga) in GMR Energy Ltd (GEL).​

GMR Group divests 51% stake in Karnataka road project for Rs 85 crore

GMR Group divests 51% stake in Karnataka road project for Rs 85 crore

"GMR Highways and GMR Infrastructure have signed a share purchase agreement with its joint venture partners to divest 51% stake in GMR OSE Hungund Hospet Highways Pvt Ltd (GOHHHPL)," GMR Infrastructure said in a BSE filing.
 

GMR raises $300 mn from Kuwait Investment Authority

Kuwait Investment Authority has agreed to subscribe to a 60-year-long foreign currency convertible bonds (FCCB) due 2075.

GMR Infra Q2 net loss narrows to Rs 399 crore

GMR Infra Q2 net loss narrows to Rs 399 crore

GMR Infrastructure on Saturday said its consolidated net loss in July-September quarter narrowed to Rs 398.67 crore on the back of better operating margins from power plants and robust traffic growth in airports.

GMR Holdings to consider amalgamation with GMR Enterprises

GMR Holdings, the parent firm of GMR Infrastructure, Tuesday said its Board will consider the proposal of amalgamation with GMR Enterprises on May 29 as part of its corporate restructuring exercise.

MAMPL exits DIAL, GMR airports acquires its 10% stake

GMR Airports, a subsidiary of GMR infrastructure, has acquired 10 percent additional stake from Malaysia Airports (Mauritius) Private Limited for a consideration of USD 80 million, raising its stake to 64 percent in Delhi International Airport Limited.

Chinese companies to set up units at GMR's Kakinada SEZ; invest $3.5 bn

GMR Infrastructure has inked a pact with GIIC of China to set up units at its special economic zone (SEZ) in Andhra Pradesh`s Kakinada, which will attract an investment of $3.5 billion over the next five years, a company statement said on Monday.

Chinese companies to set up units at GMR SEZ, to invest $3.5 bn

GMR Infrastructure Monday said it has inked pact with Guizhou International Investment Corp (GiIC), a consortium of three Chinese manufacturing firms, to set up units at its SEZ in Kakinada, a move that will see USD 3.5 billion worth of investments in the next 5 years.

GMR Infrastructure promoters pledge 19.13% stake

GMR Infrastructure Tuesday said three of its promoters have pledged 19.13 percent stake in the firm in a series of transactions in the last week of April.

GMR Infrastructure wins Rs 5,000 crore rail corridor project

GMR is not required to provide significant investment for the project since it is on an EPC basis, the statement added.

GMR Infra-led consortium bags Rs 5,080-cr railway project

A GMR Infrastructure-led consortium has bagged an order for construction of 417 km-long eastern dedicated freight corridor railway project which is estimated to cost Rs 5,080 crore.

GMR Infra to consolidate holdings in GMR Airports

GMR Infrastructure will acquire shares from investors in its subsidiary GMR Airports as the company looks to consolidate its holdings.

GMR Holdings pledges 16.8 crore shares

Diversified group GMR Infrastructure's key promoter GMR Holdings has pledged 16.8 crore shares or about 3.85 percent stake in the company.

DIAL exits cargo services; sells stake to India Infra Fund

Delhi International Airport Ltd (DIAL), a subsidiary of GMR Infrastructure, has exited from cargo services at the Delhi airport by selling its entire stake to India Infrastructure Fund for Rs 29 crore.

GMR Infra Q3 net loss widens to Rs 638.33 crore

GMR Infrastructure on Saturday reported a consolidated net loss of Rs 638.33 crore for the third quarter ended on December 31 due to higher finance cost.

'Delhi airport tariffs to be same till Tribunal's decision'

GMR Infrastructure today said the charges for Delhi airport will remain unchanged until the Tribunal, AERAAT, takes a final view on an appeal against tariffs for the First Control Period.

GMR buys 44.61% stake in JV with Malaysian firm

GMR Infrastructure on Friday said its subsidiary operating the city airport has acquired 44.61 percent stake in joint venture firm MAS GMR Aerospace Engineering Company (MGAE) from its Malaysian partner.

'GMR-led group lowest bidder for two packages of EDFC projs'

The project involves construction of 417-km-long double track railway line from Mughalsarai to New Bhaupur (near Kanpur) on EPC basis, GMR said in a statement.

GMR Infrastructure gets Sebi nod for Rs 1,500 cr rights issue

GMR Infrastructure has received market regulator Sebi's approval to raise up to Rs 1,500 crore through rights issue.