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

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 Infra shares tumble 8% on QIP issue

Last Updated: Thursday, July 03, 2014, 18:31

Shares of GMR Infrastructure tumbled about 8 percent Thursday after the company launched a share sale issue to institutional investors.

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's Q4 PAT rises to Rs 1,170 cr

Last Updated: Friday, May 30, 2014, 16:00

The surge in the profit is mainly due to offloading its 40 percent stake in ISGIA Airport, Turkey.

Air Works may bag Tata-SIA MRO contract

Last Updated: Monday, May 19, 2014, 18:20

Tata-Singapore Airlines joint venture is in advanced stage of discussions with aircraft maintenance services provider, Air Works for servicing its fleet.

India Ratings downgrades GMR Hyd airport's project bank loan

Last Updated: Wednesday, May 14, 2014, 16:01

Ind-Ra said the downgrade reflects the negative impact on GHIAL's credit profile.

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.

GMR Aviation trashes DGCA's charges of violating safety norms

Last Updated: Wednesday, April 16, 2014, 22:38

The action virtually rendered a large chunk of GMR fleet non-operational and led key politicians to look for alternatives to carry out their ongoing poll campaign.

DGCA grounds 11 pilots of GMR

Last Updated: Wednesday, April 16, 2014, 14:40

The DGCA team found that several flights operated by GMR Aviation had skipped some mandatory tests.

GMR consortium wins $700 mn airport project in Philippines

Last Updated: Saturday, April 05, 2014, 16:02

The USD 700 million project includes USD 320 million upfront payment to the Philippines government, a GMR official said here.

Philippines awards $390-mn Cebu airport deal to GMR-Megawide group

Last Updated: Saturday, April 05, 2014, 12:14

GMR and Megawide submitted the best bid for the biggest infrastructure deal offered to investors so far under the government`s Public-Private Partnership (PPP) programme, the Department of Transportation and Communications (DOTC) said.