Page 3 - Gmr Infrastructure

GMR Infra seals deal with three PE investors, gives 5.8% in airport firm

The immediate cash payout works out to around Rs 15 billion, as the three investors are to give new loans of Rs 20.05 billion as part of the transaction

GMR Infrastructure Q1 net loss widens to Rs 2.35 bn; income at Rs 16.5 bn

Revenue from airports business was at Rs 12.46 billion as against Rs 18.92 billion in the same period last fiscal

GMR forays into seaports, to build green-field commercial port at Kakinada

BS ReporterHyderabad, 28 June: GMR Infrastructure Limited has been awarded a green-field commercial port at Kakinada abutting the over 10,000-acre Kakinada SEZ controlled by the group. The company said it was made a successful bid to develop the port through Swiss Challenge mode under the revenue sharing model."The port is located at one of strategic nodes of the Vizag-Chennai Industrial Corridor and is expected to benefit from the associated corridor developments. Given the strategic location, the port is expected to become the gateway to the East Coast of India. Once operational, the port will have initial capacity of 16 million tonnes,"the company said in a statement.Under the terms of agreement, the port operator has to pay 2.7 percent of gross revenues as a share to Andhra Pradesh government for a period of 30 years. The government has agreed to provide external infrastructure, namely road infrastructure connecting to the nearest highway to the port boundary, water supply up to ..

GMR Infrastructure posts consolidated net loss of Rs 5.66 bn in Q3

GMR Group is a leading global infrastructure conglomerate with interests in the airport, energy, transportation and urban infrastructure

GMR Infra net loss narrows to Rs 276 cr in Q2

GMR Infra's total revenue declined to Rs 206 crore as against over Rs 331.22 crore a year ago

All business activities, investments in compliance with tax laws: GMR Infra

Group has not involved in or made any attempts of tax avoidance in any country

GMR Infrastructure to seek shareholders' nod to raise up Rs 2,500 crore

GMR Group is a leading global infrastructure conglomerate

GMR, four others other bid for operating Belgrade airport

Serbia expects the deal to be worth around 400 million euros

GMR Infra sees turnaround in FY17 after airport business picks up

The company clocked a PAT of Rs 9 cr in FY17 from a loss of Rs 2,664 cr in FY16

GMR Infrastructure surges on significant reduction in FY17 debt

Gross debt for the company came down to Rs 19,856 crore in FY17 from Rs 37,480 crore last year

Lenders get majority stake in GMR's Chhattisgarh unit

Of the total debt of Rs 8,800 cr, debt to the extent of Rs 2,992 cr has been converted into equity

GMR Infra: New airport deal doesn't offer much

Possible increase in debt levels to fund the Mopa project restrict gains in company's stock price

GMR Infra: Positive outlook in spite of debt overhang

Last week, GMR quelled speculation of a majority stake sale in airport ventures to raise cash and repay its high debt load

GMR Infra not to sell controlling stake in Hyderabad Airport

For the quarter ended March 31, 2016, the company reported a consolidated net loss of Rs 953.5 crore as against a net loss of Rs 891.9 crore in the year-ago period

GMR Infrastructure rises after consortium wins freight corridor project

The 221 KM Eastern Dedicated Freight Corridor railway project is worth Rs 2281 crore.

GMR Infra-led consortium bags Rs 2,280 cr DFCC contract

Contract for developing a 221-km stretch of Eastern arm of the DFC project on EPC basis

GMR Infra Q4 net loss widens to Rs 953.50 crore

For the entire 2015-16, the company's net loss stood at Rs 2,161 crore, as against Rs 2,733.29 crore in the previous fiscal

GMR to sell 51% in road venture to cut debt by Rs 1,000 cr

The sale is envisaged in two tranches, with OSE first buying 14.99 per cent stake of the project from the GMR group

GMR divests 51% stake in GMR OSE Hungund Hospet Highways

The deal will help GMR Group pare debt by Rs 1,077.97 crore and enhance liquidity by Rs 85 crore

Ray of hope for GMR Infra

The tribunal's ruling in its favour on the Maldives project is a positive but only the first step; bringing strategic investors in airport and power verticals is crucial