GMR Infrastructure on Monday said one of its subsidiary has received "Letter of Award" (LoA) for the development and operations of Bhogapuram International Airport in Andhra Pradesh
GMR Infra shares soar over 12% after CCI gives approval for group's proposed 49% stake sale in its airport business
Shares of GMR Infrastructure on Monday surged over 12 percent after the CCI gave approval for the GMR group's proposed 49 percent stake sale in its airport business to France's Groupe ADP
Shares of GMR Infrastructure rose over 1 percent to Rs 24.20 in afternoon trade on the BSE.
The infra major had reported a profit after tax of Rs 4.81 crore during the corresponding quarter of 2017-18
As part of this transaction, GMR Infrastructure also intends to provide exit to existing private equity investors who hold 5.8 percent equity stake in GMR Airport Ltd.
Hyderabad airport stake sale: Malaysia's MAHB terminates pact with GMR; talks underway for fresh agreement
While MAHB on Wednesday announced it has terminated the share purchase agreement, GMR on Thursday said it is in discussions to enter into a fresh pact with the Malaysian entity.
MAHB cancels Hyderabad airport stake sale pact with GMR as buyer fails to fulfil obligations before 31 Dec
GMR Airports Limited entered into a pact with Malaysia Airports Holding Berhad and its subsidiary to acquire 11 percent stake that the Malaysian firm is holding in GMR Hyderabad International Airport.
Hyderabad airport expansion works are expected to be completed in 42 months from the date of award, GMR said
GMR Group today said it has won an international arbitration against the Maldives government and has been awarded USD 270 million as compensation from the island nation after its contract to build an international airport in Male was arbitrary cancelled.
Group is planning to reduce its corporate debt by 20-30% over the next one-and-a-half years
India seems to be losing its influence on Maldives as a major power in the region following the fall of former president Mohammed Nasheed.
India's power distribution companies are facing a tough time, thanks to rising debts, fuel supply shortages, corruption, red tape and high tariffs which were kept artificially low by populist politics all these years.
Of this, Rs 340 crore payment has been made for user development fee (UDF), airport development fee (ADF) and landing and parking charges at the Delhi International Airport, while Rs 75 crore payment was made for usage of similar facilities at the Hyderabad International Airport.<br /><br />
The Indian equity markets opened in the green tracking global positive cues.
After closing in the red after riding on two-week optimism, the equity markets today opened flat on global cues.
GMR Infrastructure reported a consolidated net loss of Rs 94 crore for the quarter ended June 30, 2012, mainly on account of losses at DIAL and one-time tax asset reversal at GVPGL (Vemagiri power plant).