Gmr

The board will also recommend the proposal to shareholders for approval, subject to requisite statutory and regulatory clearances.

GMR’s Delhi International Airport looking to refinance Rs 2,500 crore debt

The company is in talks with lenders to raise this money to refinance part of its debt, which is due in October 2025, say sources, Net debt at Delhi International Airport Ltd stood at approximately Rs 12,500 crore, as of March 31, 2024. 

Delhi Airport sets up biometric registration kiosks for faster immigration processing

After registering biometric at the kiosk, time taken by immigration agent/ officer at the counter will be minimised by more than 50%, says GMR

GMR’s smart meter arm looking to raise $100-150 million

Last year, the smart meters arm of GMR won an order worth Rs 7,593 crore to implement a large-scale smart metering project under the DBFOOT (Design, Build, Finance, Own, Operate, and Transfer) model.

Delhi Airport Terminal 1 to serve 40 million passengers annually, says GMR Airports

Prime Minister Narendra Modi inaugurated the expanded Terminal 1 of Delhi Airport, doubling its capacity to serve 40 million passengers annually, showcasing India's aviation ambitions.

Gainers and Losers: 10 stocks that moved the most on August 10

About 1,634 shares advanced, 1,875 shares declined, and 123 shares unchanged.

Morning Scan: All the big stories to get you started for the day

A round-up of top newspaper stories to keep you ahead of others.

ADP, GMR Airports Infrastructure to merge joint venture With GMR

ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company, which operates Paris’s Charles de Gaulle and Orly.

Eye on cargo demand: Boeing, GMR to set up country's first conversion facility for planes

Globally, 1,720 freighter conversion is likely to happen annually, of which many will now be done in India, says Salil Gupte, President, Boeing India

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 to buy stake in gaming startup Fantasy Akhada: Report

According to the report, Fantasy Akhada, endorsed by celebrity cricket commentator Harsha Bhogle will see some of its early backers, angel investors and others exit through this deal.

In India reality means corruption, dirty roads, says Narayana Murthy

Addressing students at GMR Institute of Technology (GMRIT) at Rajam in Vizianagaram district, on its Silver Jubilee Year celebrations, Narayana Murthy said one should look at a lacunae as an opportunity for change and 'imagine yourself as a leader, and not wait for somebody else to take it.'

GMR Hyderabad International Airport raises Rs 1,150 crore through NCDs

A press release form the company said the NCDs which were raised on Tuesday will be listed on BSE Limited.

Airbus partners with GMR to offer aircraft maintenance training course in Hyderabad

The four-year course will include two years of classroom training and a two-year training in maintenance, repair, and overhaul (MRO) at GMR Aero Technic in Hyderabad

Come September, the two-airport model will take off in India

As airlines offer flights to Dabolim and MOPA, it would be interesting to see if airlines can raise prices for flights to Dabolim because it is closer to hotels and premium resorts, as well as how far would private operators go to attract traffic to a new airport.

GMR's non-airport units to list on BSE, NSE tomorrow; all you need to know

GPUIL acquired the non-airport business of the GMR Group from GIL and has "some of the best-in-class infrastructure assets in India, which include state-of-the-art power plants and renewable energy assets, highways, and special investment regions"

Delhi Airport's new arrival terminal becomes operational with the arrival of IndiGo flight from Goa

The newly-constructed arrival terminal T1 at Delhi’s Indira Gandhi International Airport has become operational from February 24. The passengers on IndiGo flight 6E 6532 from Goa were the first to arrive at the new terminal.

Delhi airport's newly-built T1 arrival terminal to be operational from today

The entire arrival operations of T1C will be shifted to the new arrival terminal at T1.

Delhi Airport gets an all-new arrival terminal for a better experience

The domestic passengers arriving in Delhi now have a new arrival terminal, which is set to become operational from early morning of February 24. Entire arrival operations of T1C to shift to the new Arrival Terminal at T1. The new Arrival Terminal of Delhi Airport’s T-1 offers a distinctive experience to flyers.

GMR emerges winner for Indonesian airport development, operations

Angkasa Pura 2 (AP2), the state-owned enterprise and the bidding authority for the Medan Airport has informed that they have completed the best and final evaluation process for selection of strategic partnership for the aerodrome and have announced GMR Airports as the Winning Bidder, a press release from GMR said.

GMR spending Rs 20,000 crore on airports' expansion, developing new ones

"Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing Airports and develop new Airports," he said in the group's latest annual report.

GMR proposes UDF hike at Hyderabad Airport; Airlines' body opposes

The AERA last month issued a consultation paper on the tariff revision for the third control period (April 2021 to March 2026) proposed by GMR Hyderabad International Airport Limited that manages the aerodrome, seeking comments from the stakeholders.

GMR receives Rs 1,692 crore from Aurobindo Realty as 1st tranche for SEZ stake sale

"Total revised consideration for the sale of equity stake as well as the sub-debt in KSEZ is Rs. 2,719 crore. Out of the total consideration, Rs. 1,692 crore ("First Tranche Consideration") is received and the balance Rs. 1,027 crore would be received in the next 2 to 3 years which is contingent upon certain agreed milestones," GMR said.

Exclusive | Railways to introduce BOT model in dedicated freight corridors

This will be for the first time that the build-operate-transfer (BOT) model will be introduced in a railway infrastructure project

GMR vs Adani: Forget India’s airline battles; who will win the airport battle?

A comparison of traffic in the last financial year shows that GMR’s airports or cities handle 34.13 percent of international traffic and 29.27 percent of domestic traffic, whereas the Adani group’s airports have handled 32.86 percent of international traffic and 25.55 percent of domestic traffic. Upcoming airports and expansions will determine who ultimately is at the top of the pecking order