Gmr

ADP, GMR Airports infrastructure to merge joint venture with GMR

ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company

Boeing, GMR Aero Technic to set up India's first freighter conversion line

Deal seen as a major boost to fledgling MRO sector in India; GMR's Hyderabad unit to become fourth Boeing-approved facility globally after China, Costa Rica and UK

GMR Airports Infra shares settle with marginal gains after Q3 earnings

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 posts net profit at Rs 361 crore in Dec quarter

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 & Urban Infra Q2 net profit rises over four-fold to Rs 1,083 cr

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.

Adani, GMR and L&T place bids for smart meter tender in Uttar Pradesh

These smart meters will be installed in the areas of four of the five power distribution companies of UP, namely PuVNL, PVVNL, DVVNL and MVVNL.

GMR Warora Energy signs pact with lenders to recast Rs 3,000 cr loans

Loans would be repaid progressively over 15 years, giving the company additional time of about seven years to extinguish the liability

GMR Group to divest 30% stake in Indonesia's PT GEMS for $420 mn

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 .

Delhivery set to expand infra footprint in Greater Mumbai, Bengaluru

Ties up with Welspun for a 700,000 sq ft mega-gateway in Greater Mumbai, and with GMR for one million-plus sq ft in Bengaluru; both will be operational by 2023

Adani, GMR Sports throw hat into Amit Burman-promoted Kho Kho league

Adani Sportsline picks up Gujarat team, GMR Sports gets the Telangana franchise

Airport PPPs on a crowded runway; private sector bids could be subdued

Last August, the government announced intent to sell stakes in four privately-run airports (Delhi, Mumbai, Hyderabad and Bengaluru) and lease 25 other airports owned by AAI under NMP

GMR partners with Angkasa Pura II for Medan Airport in Indonesia

GMR Airports, a part of the GMR group, had in November won the bid for this high growth potential brownfield airport, through a closely contested international competitive bid process

GMR wins bid to develop, operate Indonesia's Kualanamu Int'l Airport

The group will tie up with the state-owned enterprise, Angkasa Pura 2 (AP2) on a 49:51 basis

GMR to invest Rs 500 cr in metro rail link project to Hyderabad Airport

The GMR group will be investing over Rs 500 crore in a Rs 5000 crore metro rail link project being proposed by the Telangana government for connectivity to the aerodrome from various parts of the city

GMR spending Rs 20k Cr on airports' expansion, developing new ones

: 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 ...

SEZ stake sale: GMR receives Rs 1,692 cr from Aurobindo Realty

GMR said it received Rs 1,692 crore as first tranche of consideration towards the sale of equity owned by GMR SEZ and Port Holdings Limited in Kakinada SEZ Limited

GMR to raise $300mn through bonds for Hyderabad airport expansion

GMR Hyderabad International Airport Limited (GHIAL) on Wednesday announced that it successfully priced an offering of US$ 300 million bond in the international bond market

Fitch downgrades Delhi International Airport to 'BB'; outlook negative

Fitch downgraded Delhi International Airport Ltd's Long-Term Issuer Default Rating from "BB+" to "BB" on the sharp drop in volume in 2020 due to significant travel restrictions to curb Covid spread

GMR, L&T, BHEL among 13 players shortlisted for operating private trains

The operators would be selected after the requests for proposals (RFP) are submitted with a revenue share quote

32 firms show interest in redevelopment of four railway stations

Nagpur, Gwalior, Amritsar, Sabarmati may see Rs 1,300-crore investment