The government has cleared Rs 2 lakh core debt restructuring proposal for state electricity boards. Raaj Kumar of GMR Infra says Tamil Nadu owes significant amount to the company, in the region of Rs 600-700 crore. "We expect to receive this money soon, as soon as next month only," he adds.

GMR keen to divest stake in group companies, says CFO

GMR Group will be able to garner around Rs 4,000 crore from stake sale in its holding company, GMR Infrastructure, from 72% suggest media reports. The Bangalore---based company is also looking for strategic partners to sell upto 49% stake in GMR Highways, one of the three infrastructure holding companies besides GMR Airports and GMR Energy.

Customs duty cut to save 10% cost on coal import: GMR Infra

A Subba Rao, group chief financial officer of GMR Infrastructure tells CNBC-TV18 that the customs duty reduction will help save 10% cost on coal imports.

GMR Infra bags Rs 7500cr worth of road projects

A Subba Rao, group CFO, GMR Infra is skeptical about improvement in the capex cycle in the power sector, despite positive sentiment.

See FY12 revenue at Rs 8000cr, FY13 at Rs 12000cr: GMR

"The tariff determination process for airports’ business is underway," said A Subba Rao, Group CFO of GMR Infrastructure. In an interview to CNBC-TV18, Rao said the company's losses have risen primarily because the Delhi airport tariff has not been fixed.

No information of any case against us in Maldives: GMR

In an interview to CNBC-TV18, Sidharath Kapur, chief financial officer of Airport, GMR Group talks about the media report against the company, which appeared in the Maldivan press.

ADF levy back from Dec1, recommenced at original rates: GMR

In an interview to CNBC-TV18, Sidharath Kapur, CFO – airport, GMR Group says the development fees, which was levied in 2009 and suspended from June 1, 2011, will now finally be effective from December 1, 2011.

GMR Infra expects Delhi airport to breakeven in FY13

A Subba Rao, group CFO, GMR Infrastructure said, the company is substantially insulated from current high interest rate environment. He expects the Delhi Airport to breakeven in fiscal year 2013.

Orrisa plant may commission by Apr-Sep 2012: GMR Infra

A Subba Rao, Group chief financial officer, GMR Infrastructure expects Vemagiri plant to be ready for generation by last quarter of the current financial year.

GMR Infra posts Q1 loss; sees FY12 revenue at Rs 8000 cr

GMR Infra saw onsolidated net sales jump 51.4% to Rs 1,864 crore from Rs 1,231 crore in the year ago period. In an exclusive interview to CNBC-TV18, the management of the company said that improved footfalls at airports aided overall revenue growth.

GMR has no plans to appeal against HC order on ADF

The Delhi High Court on Wednesday ordered GMR (the operator of the Delhi international airport) to stop collecting ADF from passengers for at least three weeks. For now, the operator has suspended collection of the fee, confirmed chief financial officer of airports Sidharath Kapur.

InterGen stake sale won't impact profit going ahead: GMR

GMR Infrastructure has witnessed a quarterly loss (consolidated) of Rs 1,007 crore in Q4 FY11 mainly due to stake sale in its British energy firm InterGen. However, group CFO A Subba Rao doesn't see it impacting the company going forward since this is a one-time loss.

GMR Infra likely to close $200m FDI deal in two weeks

In an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, A Subba Rao, Group CFO of GMR Infrastructure said that the company is likely to close the USD 200 million FDI deal in two weeks.

GM Rao pledges endowment for charity worth $340m

GMR's group chairman GM Rao has pledged to create an endowment worth USD 340 million in favour of the GMR Varalakshmi Foundation for charitable activities to serve the needs of the under-privileged sections of society.

Govt should look into infra funding this budget: GMR Infra

Gearing up for the budget which is scheduled on February 28, the infrastructure sector is hopeful that the government will approve policies and allocate funds for its growth.

GDP slowdown imminent, need drastic measures: GMR Infra

In an interview with CNBC-TV18, A Subba Rao, group CFO of GMR Infra, spoke about his reading of the IIP numbers and his outlook for the economy.