Page 3 - Gmr Group

Adani, GMR among firms keen on revamping Nellore, Tirupati railway stations

Both stations will be redeveloped in PPP mode and based on the design, build, finance, operate transfer (DBFOT) model

40-60% drop in air passenger traffic likely in FY21 amid Covid-19 crisis

Private joint venture airports (seven of them), including Mumbai, Delhi, Bengaluru, and Hyderabad accounted for over 54 per cent of the 349 million passengers in CY19.

CCI okays GMR's 49% stake sale in airport business to France's Groupe ADP

The regulator's clearance is through the green channel, which allows for an automatic system for speedy approval of combinations, subject to certain conditions

Top 10 business headlines: Ambani vs Chandra, SBI Cards IPO, and more

The much-awaited initial public offering of SBI Cards and Payment Services, a subsidiary of State Bank of India, will open on March 2, confirms its prospectus

GMR Group to sell 49% stake in airport business to France's Groupe ADP

Rs 10,780 cr deal values GMR Airports at Rs 22,000 cr; pact with Tatas cancelled over airline ownership norms

France's Groupe ADP to buy 49% in GMR airport business for Rs 10,780 cr

The company has signed a share purchase agreement with Groupe ADP

Plan to start work soon on Mopa airport: GMR Group after SC verdict

GMR Goa International Airport Ltd (GGIAL), a subsidiary of the group, would be implementing the project

Airlines oppose Rs 8000-crore Tata Group-GIC stake in GMR Airports

IndiGo, SpiceJet, GoAir see undue favour to Vistara; GMR says fear unwarranted

Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray

Board of directors will continue to evaluate other potential investors to raise capital up to $2 bn

GMR's net loss widens to Rs 457 crore in Q2, revenue at Rs 2,018 crore

Revenues from the Airports segment stood at Rs 1,494. 7 crore against Rs 1,315.5 crore in the second quarter of FY19

Kothavalsa Infraventure to acquire GMR Business and Consultancy

GBC holds 80.56 crore shares equivalent to 13.35 per cent shares of GMR Infrastructure, said listed entity GMR Infrastructure

GMR aims to boost international airport business, from Europe to Indonesia

Bids for airports in Thailand, Indonesia, will sell four road projects

GMR Airports to raise Rs 650 cr via bonds by September end to pay off debt

Investment from Tata, Singapore wealth fund now delayed till December

GMR Warora Energy on verge of defaulting on over Rs 3,000-crore loans

The ratings continue to remain constrained by the under-recovery of capacity charges for which power purchase agreements (PPAs) are in place

GMR group company to raise $300 million for Hyderabad airport expansion

Fitch Ratings recently said GHIAL's FY18 passenger traffic was at 18.3 million

Tatas check into airport business, buy stake in GMR as part of consortium

GMR group sells stake in airports arm to Tata, GIC, SSG for Rs 8,000 crore; deal to cut GMR Infra's debt by 40%

GMR subsidiary signs agreement to develop commercial port in Andhra Pradesh

The port is expected to generate employment for 3,000 people and require an investment of Rs 21.23 bn in the medium term

GMR Group plans to sell assets, refinance loans to cut debt and expand biz

It is also planning an initial public offering for GMR Energy

GMR Energy completes 30% stake sale to Malaysian power utility Tenaga for $300 million

The portfolio comprises operating capacity of 2,300 MW and pipeline capacity of 2,330 MW