Page 3 - Gmr

GMR airports achieves 'concession commencement date' to build in Greece

The Concession Period for the project is 35 years including Phase 1 Construction of five years

Bidar airport to be operationlised under UDAN scheme in Karnataka

The concession agreement was signed under the Government of India's regional connectivity-UDAN scheme

Plan to start work soon on Mopa airport: GMR Group after SC verdict

GMR Goa International Airport Ltd (GGIAL), a subsidiary of the group, would be implementing the project

GMR, Zurich Airport will be competing for same international traffic

Delhi and Jewar airports to have common 'point of call'; decision taken at a recent meeting

GMR's net loss widens to Rs 457 crore in Q2, revenue at Rs 2,018 crore

Revenues from the Airports segment stood at Rs 1,494. 7 crore against Rs 1,315.5 crore in the second quarter of FY19

Kothavalsa Infraventure to acquire GMR Business and Consultancy

GBC holds 80.56 crore shares equivalent to 13.35 per cent shares of GMR Infrastructure, said listed entity GMR Infrastructure

Adani, GMR in fray to commercially redevelop Chandigarh railway station

The bidding for Chandigarh is part of a Rs 1 trillion station redevelopment programme

GMR aims to boost international airport business, from Europe to Indonesia

Bids for airports in Thailand, Indonesia, will sell four road projects

ICIJ-Mauritius leaks: Jindal Steel, GMR Holdings among firms named

Findings trace past linkages of Jindal Steel & Power, GMR Holdings, Apollo Hospitals, Kolte-Patil Developers to such entities

Maldives decides not to press GMR for taxes over airport compensation

The mega project to develop the country's main airport worth over $500 million was awarded to GMR during the tenure of former President Mohamed Nasheed, despite concerns by the then opposition

GMR bid to develop and operate Nagpur airport approved, says Fadnavis

A completely new international airport will come up in Nagpur,' informed Fadnavis

GMR wins bid for Andhra's greenfield Bhogapuram Int'l Airport Project

Beats Doit Smart Infra and GVK with higher per passenge fee; Rs 2,700 cr project to be completed in three years

Malaysia Airports Holding cancels Hyd airport stake sale pact with GMR

GAL currently holds 63% stake and the remaining in the company is held by Airports Authority of India (13%) and the Telangana government (11%)

Dealing with debt: GMR builds cash pile on divestment plank

In a four-part series, BS finds out how these companies overcame the hump, though the road to recovery is still precarious

GMR eyes airport projects in Europe, South East Asia and East Asia

GMR Group, which operates three airports in India and abroad, is eyeing projects in South East Asia, Middle East and Eastern European countries besides looking for operations and maintenance of Jaipur and Ahmedabad aerodromes. "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. "Domestically, the Group is exploring upcoming opportunities for the development of Nagpur Airport and O&M opportunity of Jaipur and Ahmedabad Airports. On the global front, it has pre-qualified for development and operation of Nikola Tesla airport in Belgrade, Serbia, Norman Manley airport in Jamaica. "Apart from the aforementioned opportunities, the Group is selectively exploring new opportunities in South East Asia, Middle East and Eastern Europe," the company said. Currently GMR's airport business ...

GMR to develop Greece airport

GMR group has won the bid to develop and operate a greenfield airport in Greece giving a boost to its aviation business.GMR has partnered Greek company GEK Terna to develop the airport at Heraklion on island of Crete. This will be the group's second overseas project (GMR runs Mactan Cebu project in Philippines. Earlier it ran airports in Turkey and Maldives) and the award win comes close on heels of a revival in its airport business. " GMR will be the designated airport operator in the consortium and will hold minimum 10 per cent stake in the consortium. The rest of the equity will be held by GEK Terna and Greece government. The construction will start by early 2018 and equity contribution will be required once the construction starts. The total project cost will be 530 million Euros. The airport construction would start by early 2018 and will be completed in 5 years from the financial closure. The airport will have an operational capacity of 15 million passengers annually," GMR ...

EAC rejects GMR's plan to convert aviation SEZ in multiproduct

EAC felt conversion of SEZ may attract birds which may become hazardous to aircraft at airport

GMR Airports bid for new international airport in Greece

The project involved design, construction, financing, operation and maintenance of the airport for a concession period of 35 yrs

GMR wins $270 million arbitration award in Maldives airport dispute

The award followed a ruling in February which upheld GMR's case, on cancellation of an airport development contract there by the Maldives govt in November 2012

Vodafone, GMR join hands to provide Wi-Fi at Delhi Airport

The service is now launched and available for fliers to use at the IGI Airport following successful trials over three months