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GMR Infra sees reduction in debt by end of FY17

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.

GMR Infra may sell 30% stake in airport business

Canada-based Fairfax Financial Holdings and Singapore‘s Changi Airports are in preliminary stage of discussions with the company, which is expected to be fianlised before March.

Ready to monetise 25-30 acres near Delhi airport: GMR Infra

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.

No fixed returns now on GMR Energy for investors: Terdal

GMR Energy has given a part-exit to IDFC, Temasek and other investors by giving them a stake in GMR Infra through CCPS.

GMR Infra up 5%, stake sale in Istanbul airport to cut debt

The stake sale will help the company to reduce its huge debt which has grown to Rs 40,000 crore. In an interview to CNBC-TV18, Madhu Terdal, Group CFO of the company said that proceeds of the sale will be used substantially to reduce their corporate debt and for equity funding of some of their energy projects.

'Total generation cost post gas price hike to be Rs 5/unit'

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.