Auditors red-flag some accounting entries

Incidentally, airports business is the lone segment steadily churning profits unlike the group’s other loss-making sibling entities.

published on : 31st May 2019

GMR Infrastructure's Q4 loss reported at Rs 2,341 crore due to impairment hit

The company claimed that its shareholders have lost substantial amount of money in the energy space.

published on : 30th May 2019

CBI calls for Delhi International Airport papers in alleged airport scam

It has been alleged that the airport company floated almost a dozen joint venture firms to lower its share of revenue to government-owned AAI.

published on : 13th May 2019

GMR to raise USD 350 million via bonds for Delhi airport expansion

The proposed bond's Ba2 senior secured rating reflects the airport's strong market position and robust passenger traffic.

published on : 7th May 2019

Lenders approve resolution plan for GMR Rajahmundry Energy Ltd

GMR Infrastructure Ltd (GIL) Friday said its lenders approved a resolution plan for its stressed gas-based power plant in Andhra Pradesh.

published on : 4th May 2019

GMR group company to raise USD 300 million for airport expansion

We are delighted on the successful pricing of this transaction, said Grandhi Kiran Kumar, the Corporate Chairman of GMR Group.

published on : 5th April 2019

Tata Group invests Rs 8000 crore to get 20 per cent stake of GMR’s airport business

The proposed investment in GMR Airports comprises Rs 1,000 crore capital infusion in the airports business and Rs 7,000 crore for equity stake acquired from GMR’s parent company and its subsidiaries.

published on : 28th March 2019

GMR-Terna to build airport in Greece

The concession agreement includes design, construction, financing, operation and maintenance, as well as exploration of the new Heraklion international airport.

published on : 23rd February 2019

GMR welcomes Safran’s manufacturing plant plans

The group’s executives also spoke on how this would help Hyderabad Airport City - ‘business and leisure destination’ - that is being developed by it near the airport. 

published on : 21st February 2019

GMR proposes to hive off its airport division

Total income during Q3  stood at Rs 2,120 crore, down from Rs 2,276 crore the same period a year ago.

published on : 16th February 2019

50 million passengers soon; GMR plans to expand Hyderabad airport

The Hyderabad international airport that started with 6.2 million passengers in 2009, is expected to handle over 18 million passengers by the year end.

published on : 4th October 2018

Hyderabad: Golconda Fort is set to regain its past glory with GMR Group adopting it

Other facilities include battery-operated vehicles for going about the site, audio guides, solid-waste management, electrical fittings and also an interpretation centre.

published on : 13th September 2018