E-PaperGmr Group News
Delhi T2 to resume flight ops from 1 Oct
The resumption of operations at T2 will be with 96 air traffic movements (48 departures and 48 arrivals) per day and increase progressively up to 180 by October end, GMR Group says
1 min read29 Sep 2020Hyderabad airport gears up for post lockdown reopening
All passengers will be encouraged to use web check-ins prior to reaching airport, while there will be provisions for social distancing markers and automatic hand sanitizers at entry points, GMR Group said in a presentation
2 min read5 May 2020Long wait for equity investor gives GMR ₹4,000 crore windfall
While waiting for almost a year to close its stake sale to a Tata group-led consortium, GMR won two more airport bidsThe GMR Group’s higher valuation indicates the growing clout of airports in the retail segment
2 min read29 Feb 2020Adani Power completes acquisition of GMR Chhattisgarh Energy
52.38% of the equity stake in GCEL was acquired from its consortium of lendersThe acquisition of GCEL was concluded at an enterprise valuation of approx. ₹3,530 crore
1 min read3 Aug 2019MAHB cancels Hyderabad airport stake sale pact with GMR
GMR Airports Limited 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 Infra said
1 min read3 Jan 2019Lenders may drag four power producers to NCLT
Banks may initiate bankruptcy proceedings against GCEL, Utkal, Lanco Anpara and JITPL
2 min read25 Jul 2018GMR-Megawide submits $3 billion proposal for Manila airport expansion
The $3-billion proposal involves increasing the airport's capacity to 950-1,000 aircraft movements a day and passenger handling capacity to 72 million per annum
1 min read4 Mar 2018GMR unit in race for $250 million airport project in Philippines
GMR Infrastructure (Singapore), along with its partner Megawide, is bidding for a $250 mn Clark International Airport new terminal building project in the Philippines
1 min read7 Dec 2017GMR Airports IPO likely by June 2018
GMR Airports will use the funds raised from the IPO to pay off debt, private equity investors and will use whatever is left for its projects
2 min read28 Nov 2017GMR to sell assets, refinance loans to cut debt
GMR Group plans to refinance loans, divest assets in road and power sectors to cut debt; also looks at investing up to Rs7,400 crore to expand Delhi, Hyderabad airports
1 min read2 Jun 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared