Monday, Sep 26, 2022



GMR to sell 49% stake in airports business to France’s Groupe ADP for Rs 10,780 crore

February 21, 2020 4:30 am

An earlier deal with Tata Group fell through due to conflict of interest involving Tatas’ stake in Vistara and AirAsia India.

GMR Infra hits 52-week high as firm decides to sell 49% stake in airport business

January 16, 2020 1:58 pm

GMR Infra said that it has agreed to divest 49 per cent in GMR Airports Limited, up from previously agreed 44.44 per cent, to TRIL Urban Transport Private Limited (part of TATA Group), an affiliate of GIC and SSG Capital Management.

GMR Infrastructure's loss widens to Rs 457 crore in September quarter

November 15, 2019 2:36 pm

GMR Infrastructure Limited's consolidated net loss for the quarter ended September 30 widened to Rs 457 crore against Rs 334 crore in the July-September period last fiscal.

Delhi Airport T2 will fast-track passengers without check-in luggage

August 17, 2019 10:28 am

As per GMR, T2 sees at least 45,000 passengers daily, of which at least 13,000 passengers come without check-in luggage.

Hyderabad airport stake sale: MAHB cancels pact with GMR

January 04, 2019 2:56 am

GMR Infrastructure in February, 2018 said its subsidiary GMR Airports entered into an agreement with Malaysia Airports Holding Berhad and its subsidiary to acquire 11% of the stake that the Malaysian company is holding in GMR Hyderabad International Airport, for $76 million.

GMR group to set up aerospace & defence manufacturing hub in Tamil Nadu

April 11, 2018 4:58 pm

Under the 'Make in India' initiative, the Centre had recently announced setting up of a Defence Industrial Production Corridor between Hosur and Chennai, the statement said.

Paradise Papers: GMR firm bought plane, sold it in two weeks at loss

November 09, 2017 4:45 am

For, within a fortnight, GADL sold this plane to a US-based aircraft sales and acquisition company Avpro Inc. for $23 million — thereby incurring loss of $4.5 million in its books.

GMR Ltd suffers Rs 136.6 crore consolidated loss in June quarter

August 13, 2017 3:01 pm

The gross revenue from operations for Q1 FY 2017-18 improved by 41 percent to Rs 3,159 crore as against Rs 2,239 and GMR Airports emerged as the successful bidder to develop, operate and manage the new international airport in Greece.

GMR to develop international airport in Greece

June 08, 2017 1:22 am

The concession period for the greenfield project will be 35 years including five years that the company will take to develop the phase one of the new airport.

GMR to invest Rs 471 cr to set up LNG terminal on east coast

May 22, 2016 4:40 pm

GMR Group is in the process of setting up an LNG (liquefied natural gas) terminal at Andhra Pradesh's Kakinada sea port with an investment of Rs 471 crore.