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GMR
Shares of GMR Airports Infrastructure settled with marginal gains on Wednesday after the firm reported a PAT of Rs 104.82 crore for December quarter 2022-23. The stock of the firm soared 0.79 per cent to close at Rs 38.45 on the NSE. On the BSE, it went up 0.66 per cent to end at Rs 38.40. In volume terms, 5.57 lakh shares of the firm were traded on the BSE and 1.01 crore shares on the NSE, during the day. The 30-share BSE Sensex index closed 242.83 points or 0.40 per cent higher at 61,275.09 on Wednesday. On Tuesday, GMR Airports Infrastructure reported a consolidated profit after tax (PAT) of Rs 104.82 crore for December quarter, against a loss of Rs 515.34 crore in the year-ago period. Revenue from operations during the quarter under review was Rs 1,766.36 crore as against Rs 1,364.13 crore a year ago, the company said in a regulatory filing. On a standalone basis, the company reported a loss of Rs 9.61 crore for Q3 FY23, while revenue from operations stood at Rs 28.44 crore,
GMR Power And Urban Infra Ltd on Monday reported its consolidated net profit at Rs 360.53 crore in the quarter ended December 31, 2022. The company had posted a consolidated net loss of Rs 558.41 crore in the corresponding quarter of previous fiscal, GMR Power And Urban Infra Ltd said in a filing to BSE. The company's consolidated income during October-December period increased to Rs 1,503.56 crore from Rs 1,006.93 crore in the year-ago period. GMR Power and Urban Infra Ltd carries on its business through various subsidiaries, joint ventures, jointly controlled operations and associates, being special purpose vehicles exclusively formed to build and operate various infrastructure projects. The company carries on its business in single business verticals viz., engineering, procurement and construction.
GMR Power And Urban Infra Ltd on Friday reported a more than four-fold rise in consolidated net profit at Rs 1,082.70 crore for the quarter ended September. The company had posted a consolidated net profit of Rs 248.95 crore in the year-ago period, GMR Power And Urban Infra said in a filing to BSE. The consolidated income of the company during the second quarter of the current fiscal increased to Rs 1,626.90 crore compared to Rs 1,086.44 crore in the year-ago period. However, on a standalone basis, the company reported a loss of Rs 46.40 crore in the latest September quarter. It had posted a standalone profit of Rs 509.30 crore in the year-ago period. The company is into the business of engineering, procurement and construction.
Infrastructure conglomerate GMR Group will divest 30 per cent stake in Indonesia-based bituminous coal mining firm PT Golden Energy Mines (PT GEMS) for USD 420 million (around Rs 3,360 crore), according to a regulatory filing. The divestment will give thrust to GMR's non-airport business through reduction of leverage and give a platform for the growth of its clean energy initiatives. GMR Coal Resources Pte Ltd (GCRPL), a step-down subsidiary of GMR Power and Urban Infra Ltd (GPUIL), has signed definitive pacts to offload the 30 per cent stake it holds in PT GEMS to PT Radhika Jananta Raya, an arm of PT ABM Investama Tbk (ABM), following a competitive bidding process, the filing said. GPUIL -- a subsidiary of GMR Enterprises (GEPL) -- holds expertise in the energy, urban infrastructure and transportation sectors. GCRPL will receive a gross consideration of USD 420 million on closure, GPUIL said in a filing to BSE, adding it will also get a deferred consideration based on mutually .
: GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, Chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing Airports and develop new Airports," he said in the group's latest annual report. GMR's airport business comprises of four operating airports- Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines. Further, two assets Greenfield Airports at Mopa, Goa and Crete International Airport in Greece are under construction. The group has also signed the concession agreement for a Greenfield Bhogapuram International Airport in Andhra Pradesh in June 2020 and development works are currently in ...