Gmr Group

GMR Energy (GEL) and GMR Generation Assets (GGAL) - subsidiaries of the GMR Power - have agreed on a framework with Synergy Investments Holding to divest their respective stakes

GMR Group secures Rs 6,300-crore investment from Abu Dhabi Investment Authority

Through this exercise, GMR Enterprise Pvt Ltd said it will be able to consolidate multiple lenders into a single source of capital

Malaysia Airports Holding Berhad to exit Hyderabad airport; GMR Grp to buy stake 11 pc stake for $100 mn

Apart from Hyderabad airport, GMR Group also operates the Delhi and New Goa airports.

GMR Group receives LoA for smart metering project in Uttar Pradesh

The total contract value, inclusive of GST, for the Agra and Aligarh zones is approximately Rs 2,469.71 crore

GMR sells warehouse facility at Hyderabad airport to Singapore-based ILP Core Ventures for Rs 188 crore

The cash-flow from the divestment will used for deploying capital in expansion facilities and "other growth opportunities" at the Hyderabad Airport Land Development portfolio, GMR said.

Global Investors Summit 2023: GMR Group to invest Rs 5,000 crore on Bhogapuram Airport in Andhra pradesh

Speaking at the inaugural session of the Global Investors Summit 2023 being held here, GM Rao, chairman of GMR Group said the first phase of the airport will be developed to serve six million passengers per annum.

GMR Group to divest 30% stake in PT GEMS for $420 million

The divestment will give thrust to GMR's non-airport business through reduction of leverage and give a platform for the growth of its clean energy initiatives.

Aviation ministry extends Hyderabad airport contract with GMR till 2068

The extension for RGIA Hyderabad is from March 23, 2038 up to March 22, 2068 for terms of the agreement dated December 20, 2004

Battling Adani, GMR aims to double its operational capacity

The expansion by GMR group, which has received investments from French operator Groupe ADP, is being driven by the Delhi and Hyderabad airports. GMR has fully tied up financing for its capital expenditure.

GMR to invest Rs 6,300 crore on Hyderabad airport expansion

Antoine Crombez, Deputy CEO, GMR Airports Ltd, said the majority of funds for the expansion are raised through issuance of bonds.

GMR to invest Rs 500 crore in metro rail link project to Hyderabad Airport

According to a consultation paper on the tariff revision for the third control period (April 2021 to March 2026) proposed by GMR Hyderabad International Airport Ltd, issued by Airports Economic Regulatory Authority the aerodrome operator will be investing Rs 519.52 by 2024.

GMR group unveils plans to modernise, develop Nagpur Airport

As part of the plan, Delhi-based GMR Group, which currently runs Delhi and Hyderabad International Airports, is looking to develop Nagpur''s Babasaheb Ambedkar International Airport in a phased manner with an ultimate capacity of around 30 million passengers annually, representing a capacity increase of over 1,000 per cent over the coming years, a release said.

GMR group arm, EGS to offer aviation, security courses in India, Middle East

The tie-up also outlines both GMR Aviation Academy (GMRAA) and EGS' commitments to providing training, education and development in the field of aviation, cyber and general security in direct response to the industry's demands, the release said.

GMR launches 'AeroCity' at Hyderabad Airport

Spread across 1,500 acres, GMR AeroCity Hyderabad is envisaged to be an integrated mixed-use development, which includes key ports and establishments such as Business Park, Retail Park, Aerospace and Industrial Park, Logistics Park and Hospitality etc.

COVID-19 hit: GMR Infra's loss at Rs 1120 Cr in Q3

It was Rs 280.74 crore during the October-December period in FY20, a filing from the company said on Friday. The consolidated total income for the quarter under discussion was down to Rs 1673.53 crore against Rs 2297.65crore, it said.

Airbus signs MoU with GMR Group to collaborate on aviation services in India

Airbus and GMR Group will team up to explore potential synergies in several strategic areas of aviation services, including maintenance, components, training, digital and airport services, an Airbus statement said.

Ashwani Lohani joins GMR Group’s services business as CEO

The veteran will be spearheading GMR's foray into railways

GMR Group cuts employees' salary by up to 50% due to COVID impact

The Bengaluru-based infrastructure major has presence in roads and highways, energy and airport sectors.

Delhi airport to enforce rigorous social-distancing norms once passenger flights resume

The GMR group-led DIAL said it will continue to regularly sanitize the "high-contact surfaces" like chairs, elevators; close washrooms for cleaning every hour, install auto-dispensing sanitizers and encourage passengers to use self-check-in facility.

Adani Ports sets eyes on GMR Group's greenfield port/SEZ in Kakinada: Report

This deal with GMR, if it were to go through, would be APSEZ's second big move in the ports sector.

GMR Rajahmundry Energy executes resolution plan

The resolution plan shall be rewarding to GMR Group and lenders as they continue to own 45 percent and 55 percent of shareholding, respectively, it added.

GMR sans SkyTrax rating disqualified for Philippines airport

GMR along with its Philippines partner Megawide Construction Corporation won the EPC contract for the Clark Airport. "We also confirm that Megawide's partner, GMR, is not qualified because of the Skytrax requirement.

GMR, ITC show interest to adopt Taj Mahal, Cement company to adopt Red Fort

The ministry today awarded the Letters of Intent to nine agencies for 22 monuments of Phase-IV of the scheme, including the Taj Mahal in Uttar Pradesh, Chittorgarh Fort in Rajasthan, Mehrauli Archeological Park and Gol Gumbad in Delhi.

GMR-Megawide lowest bidder for $250-mn airport project in Philippines

Clark airport is being developed by Government of Philippines through a hybrid model with EPC and O&M tenders being issued separately.

GMR eyeing airport projects in Asia and Eastern Europe

"Airport business, going forward, can be a significant growth engine for the group. In line with our growth strategy, the Group is actively pursuing suitable airport opportunities in India as well as globally," GMR said in its latest annual report.