GMR to invest ₹350 crore to set up business park in Hyderabad
5 years, 8 months ago

GMR to invest ₹350 crore to set up business park in Hyderabad

Live Mint  

GMR Infrastructure Ltd plans to invest around ₹350 crore to set up its first office park spread over 1 million sqft in Hyderabad in the next 3-4 years as part of its larger land monetisation plan, said a top company executive. Located within the vicinity of Rajiv Gandhi International Airport, Hyderabad, the 7-acre business park is being built as part of its planned GMR Airport City, a 1500-acre real estate development that would consists mostly of hotels, retail space, logistics, entertainment, healthcare and educational institutions. We will spend about ₹350 crore to build the entire project," said Aman Kapoor, chief executive officer GMR Airport Land Development, at a press briefing in the city. GMR Hyderabad Aerotropolis, 100% subsidiary of GMR Hyderabad International Airport Ltd, would be developing the Airport City including the business park.

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GMR Group receives ₹6,300 crore investment from Abu Dhabi Investment Authority
6 days, 20 hours ago

GMR Group receives ₹6,300 crore investment from Abu Dhabi Investment Authority

The Hindu  

GMR Group has received ₹6,300 crore investment from Abu Dhabi's sovereign wealth fund ADIA and the funds will help in reducing the debt of promoter group entity GMR Enterprises Pvt Ltd. In October last year, the group had announced securing ₹6,300 crore debt funding from the Abu Dhabi Investment Authority. GMR Infra Enterprises Pvt Ltd has received the amount towards …

GMR eyes foreign funds, low cost of capital with merger completion
1 year ago

GMR eyes foreign funds, low cost of capital with merger completion

Live Mint  

NEW DELHI : GMR group expects the debt cost for its airports to decline, ensuring significant inflow from passive funds, as well as foreign fund managers following the merger of GMR Airports Ltd with group holding company GMR Airports Infrastructure Ltd, Saurabh Chawla, executive director, finance and strategy at GMR Airports Infrastructure, told Mint. “With the completion of the merger, …

GMR Airports' Shares Fly High After GQG Partners Acquires 4.7% Stake
1 year, 1 month ago

GMR Airports' Shares Fly High After GQG Partners Acquires 4.7% Stake

News 18  

GMR Airports Infrastructure Ltd shares on Monday, December 11, edged higher and clocked a 52-week high. The scrip rose nearly 5% to Rs 72 in Monday’s trade on BSE as the GQG Partners on Friday bought close to 5% stake in GMR Airports Infrastructure in a deal worth Rs 1,672 crore through the open market. GQG Partners Emerging Markets Fund …

GMR aviation SEZ signs land lease agreement with Safran
1 year, 5 months ago

GMR aviation SEZ signs land lease agreement with Safran

The Hindu  

GMR Hyderabad Aviation SEZ Limited, a subsidiary of GMR Hyderabad International Airport Ltd., has signed a land lease agreement with Safran Aircraft Engines Services India Pvt. Mr. Aman Kapoor, CEO GMR Airport Land Development, expressed enthusiasm about Safran’s choice of GMR Industrial Park, highlighting the selection process and the establishment of one of the world’s largest engine MROs. Within the …

GMR-ADP partnership to lure global brands to Indian airports
1 year, 8 months ago

GMR-ADP partnership to lure global brands to Indian airports

Live Mint  

New Delhi: The GMR Group is working on upgrading the retail experience at its airports worldwide by leveraging the expertise of its French partner Groupe ADP, a top company executive said. “We want to use Groupe ADP’s expertise in design to create next-generation retail areas at airports so that the Indian consumer spends more at Indian airports rather than at …

GMR airport gets 30 more years to operate
2 years, 8 months ago

GMR airport gets 30 more years to operate

Deccan Chronicle  

Hyderabad: The ministry of civil aviation extended the operational rights for the Rajiv Gandhi International Airport in Hyderabad to GMR Hyderabad International Airport Limited, till March 22, 2068. This airport marked 21 million passengers per annum before the outbreak of Covid in 2019. The airport presently is undergoing a major expansion, post which the capacity will get enhanced to 34 …

GMR Wins Bid for Development, Operations of Kualanamu Int'l Airport in Indonesia
3 years, 1 month ago

GMR Wins Bid for Development, Operations of Kualanamu Int'l Airport in Indonesia

News 18  

GMR Airports Limited, a subsidiary of GMR Infrastructure Limited, on Thursday said it won a bid for the development and operation of Kualanamu International Airport in Medan, Indonesia. GMR Airports won the bid for this high growth potential brownfield airport, through a closely contested international competitive bid process and will partner with Angkasa Pura 2. Commenting on the development, Srinivas …

GMR Infra unveils rejig plan, to demerge non-airport biz
4 years, 4 months ago

GMR Infra unveils rejig plan, to demerge non-airport biz

Live Mint  

GMR Infrastructure Ltd has announced a strategic restructuring of its business verticals, including a spin-off and the listing of its airports business. This will see the non-airport business of GIL, which includes energy, urban infrastructure, and EPC services, demerged into GMR Power and Urban Infra Ltd as a going concern, along with the amalgamation of GMR Power Infra Ltd. GIL, …

Tatas enter airports business, buy stake in GMR unit
5 years, 9 months ago

Tatas enter airports business, buy stake in GMR unit

Live Mint  

A consortium of Tata Group, a unit of Singapore’s sovereign wealth fund GIC and SSG Capital Management will invest ₹8,000 crore to buy a stake in GMR Airports Ltd, which runs India’s biggest airport. The deal will pump ₹1,000 crore into GMR Airports, a unit of GMR Infrastructure Ltd. and purchase ₹7,000 crore of the airport unit’s equity shares from …

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