Q: What is the upside from this space. What could be the extent of revenue streams from the rental side?

A: It will be difficult to pinpoint the revenue upside because it is an arrangement made from the basic; real estate sector itself accepts deposits as a part of the capital expenditure. We never looked at revenue potential item. The amount is been used as a sort of a securitisation of the future receivables, which will be used for the purpose of funding our capital infrastructure.

So it is difficult to quantify and put a number that this will impact through this extent of revenue.

But I can say that there is a huge perception difference and also it will have a huge difference or a negative impact on us, had the decision been against us in this particular case. So we are very elated.

From a revenue perspective it will be huge positive impact. But I cannot say how much as this will depend on how much will be the rental receivable, how much will be the deposit. So I cannot quantify at this point of time.  

Q: How soon do you expect to hear a final word from the Attorney General and how soon after that can you start collecting these advances?

A: We have approached the Mnistry for the necessary clarification, following the press reports. We are waiting for the communication.

As far as the bid process is concerned as we had started the process sometime in August-September but because of these controversy that was raised; the whole process had taken a little backseat because the bidders were not in a position to move forward; we were not in a position to move forward. Once we hear the final word from the Airport Authority of India or the Ministry, we will definitely activate the entire process. We hope we will be able to close the process in one-two months’ time actively.

Q: You have an enabling resolution at this point for your FCCB. Have you decided what to do with that because there were reports that you might start looking at a QIP option instead?

A: Now that there was not much movement in terms of the raising money through the ECB definitely we have been in touch with the bankers and getting various reports in terms of the potential possibility for raising money from QIP. But we haven’t taken any final decision on that; we are still evaluating all the options.   

Q: There is been strong buzz that you have bid for the Singapore-based power company. Have you and is it a prospect, which excites GMR?

A: Definitely; we are evaluating this prospect seriously. We have tied up with Macquire, which is one of the leading global infrastructure and at this point of time I can only say that the group is very seriously evaluating the bid.