Nov 07, 2016 11:31 AM IST
GMR Infrastructure announces the completion of their strategic investment by Tenaga in GMR Energy unit. In an interview to CNBC-TV18, Madhu Terdal, Group CFO of GMR Infrastructure spoke about the same and gave his outlook for the company.
- Oct 28, 2016 10:56 AM IST
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.
- Sep 07, 2016 11:56 AM IST
The bids have started coming in, says GVK Reddy of GVK Group. However, he adds that GVK, GMR and the Tatas are the only qualified bidders.
- Dec 04, 2015 03:27 PM IST
Madhu Terdal, CFO of GMR Infra said that FCCBs will raise close to Rs 2,000 crore of which atleast Rs 1,500 crore will be used to service the corporate debt of the company.
- Nov 16, 2015 11:53 AM IST
The company has managed to reduce its debt by Rs 450 crore, he says adding that the target is to reduce by 40-50 percent in FY16, Madhu Terdal, Group CFO of GMR Infrastructure said.
- Sep 28, 2015 02:26 PM IST
In an interview with CNBC-TV18, Arindam Saha of Care Ratings said subdued activities in the infrastructure sector as well as certain unyielding investments made by the Srei infra impacted growth.
- Sep 28, 2015 11:19 AM IST
Madhu Terdal of GMR Infra says the company has two companies in its portfolio that may be eligible for a partial credit enhancement.
- Mar 26, 2015 09:48 AM IST
The government will auction the gas via a reverse bidding process to ensure that power tariffs do not go up. Each plant can bid up to 30 percent of its plant load factor (PLF).
- Mar 25, 2015 10:42 AM IST
GMR has opened a Rs 1400-crore rights issue, recently upped its stake in the Delhi Airport and was also in the news for what some analysts said was â€œaggressiveâ€ bidding in the coal auction. In an interview, the company CFO discussed each.
- Feb 25, 2015 12:14 PM IST
Adesh Sharma, MD Of Dedicated Freight Corridor Corporation (DFCC) gives a ringside view of the quantum of contracts that will be awarded by DFCC in FY15 and FY16.
- Feb 19, 2015 02:19 PM IST
Jindal Steel and Power Limited today won the Gare Palma IV/2&3 coal mine at Rs 108 per tonne each.
- Nov 05, 2014 10:49 AM IST
Speaking to CNBC-TV18, Terdal said the company won't be immediately impacted by positive reforms but government's PPP initiatives will help stranded road and power projects. The company's joint venture with Philippines Airport will start making profits from this year and will add around Rs 110 crore in revenue.
- Oct 10, 2014 05:38 PM IST
Raja Lahiri, partner, Grant Thornton, says the market has seen inbound deals as well as strong domestic deals in the past 9 months.
- Feb 24, 2014 01:55 PM IST
GMR Energy has given a part-exit to IDFC, Temasek and other investors by giving them a stake in GMR Infra through CCPS.
- Dec 23, 2013 12:02 PM IST
The company, which has Rs 45,000 crore of gross debt and Rs 7,000 crore corporate debt on books, is looking to bring down corporate debt by 15-20% in FY14 and by 45-50% in the next 12-18 months.
- Jun 24, 2013 04:58 PM IST
Parag Parikh, ED & CFO of Gammon Infra believes that the new exit norms are a welcome move by CCEA. He told CNBC-TV18 that it is not a solution for projects, which are not viable fundamentally. However, substitution is open for all viable commissioned projects, he added.
- Apr 17, 2013 12:14 PM IST
GMR Infrastructure's latest asset light asset right' strategy is aimed at easing liquidity pressures in the company. With a debt of over Rs 30,000 crore, the company is keen to offload stake in assets it owns.
- Apr 08, 2013 11:46 AM IST
The year 2012-13 was one of the most challenging years in terms of awarding of projects, says National Highways Authority of India (NHAI) chairman RP Singh.
- Jan 24, 2013 05:25 PM IST
In an economy where high borrowing costs and hurdles in acquiring land are impacting infrastructure projects, companies like Ramky Infra are looking forward to announcement of policy reforms by the government
- Jan 17, 2013 09:23 PM IST
In an interview to CNBC-TV18, RP Singh, chairman, National Highway Authority of India (NHAI) spoke about the environmental issues as well as the lack of private equity for roads construction.
- Jan 08, 2013 03:55 PM IST
Manish Kumar of SBI Cap Securities and Abhimanyu Bhandari of Axon Partners explain, in a discussion on CNBC-TV18, that the legal duel between GMR and NHAI regarding the termination of a significant road-project due to delays in the grant of environmental licences, will mark a precedent for projects across all sectors in the economy.
- Dec 03, 2012 03:57 PM IST
Andrew Harrison, CEO, GMR Male Airport, says that GMR did not go to Maldives for compensation. GMR entered Maldives to enhance terminal facilities, train Maldivian staff to increase skill level of staff and corporate through CSR initiatives.
- Sep 25, 2012 12:29 PM IST
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.
- Aug 29, 2012 09:49 AM IST
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.
- Mar 20, 2012 03:02 PM IST
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.