GMR Infra to hive off construction biz

GMR Infra to hive off construction biz
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First Published: Wed, Mar 25 2009. 10 19 PM IST
Updated: Wed, Mar 25 2009. 10 19 PM IST
Mumbai:GMR Infrastructure Ltd on Wednesday said its board approved separating the construction business into an unit, to increase cost efficiencies.
GMR said the division would handle infrastructure projects being implemented by its subsidiaries. So far construction of these projects had been outsourced, it said.
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First Published: Wed, Mar 25 2009. 10 19 PM IST