GMR Infrastructure said that the Civil Aviation Ministry has directed the airport tariff regulator AERA to adopt a Hybrid Till with 30 percent cross subsidisation for the tariff determination of GMR Hyderabad International Airport Limited (GHIAL).
The merged entity will be called Tech Mahindra; Anand Mahindra will be Chairman and CP Gurnani the MD and CEO. It will be among the top 5 IT services companies with revenue of USD 2.7 billion.
In an interview with CNBC-TV18, Isaac George, CFO, GVK Power & Infrastructure said the company is geared up to bag road projects from NHAI.