Bangalore-based GMR Group, which has been battling a high debt of around Rs 15,300 crore is all set to raise approximately Rs 645 crore from three private equity (PE) firms.
Category: Aviation & Airports
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MIAL control tower next yr
Mumbai International Airport (MIAL) is building a new ATC tower and that will be completed by December this year.
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Rush for Guj port
Eighteen companies have qualified to bid for developing a Rs 1,750 crore port at Nargol in south Gujarat.
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Rush for Guj port
Eighteen companies have qualified to bid for developing a Rs 1,750 crore port at Nargol in south Gujarat.
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Elevated
The Board of Directors of Larsen & Toubro (L&T) recently approved the elevation of SN Subrahmanyan as a Whole-time Director, with effect from 1 July.
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Case study: How India's largest airport project was fast-tracked
Collaboration has not caught up in India. Fraught with lack of transparency at all levels, both public and private projects languish in needless delays.
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India's pvt merchant airport
The country's first private merchant airport in Karaikal is awaiting financial closure with project works slated to begin in 2012.
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Separate Biz for AI?
In a bid to turnaround Air India, the civil aviation ministry is seeking government approval to hive off aircraft maintenance.
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Airport maintenance gets iffy
Commercial activities at regional airports have been delayed as the Planning Commission does not agree with the Airports Authority of India's (AAI) view of keeping the airports' terminal building out of the scope of commercial development.
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GHIAL mulls engine MRO facility
GMR Hyderabad International Airport (GHIAL)is understood to be at an advanced stage of talks with major aircraft engine manufacturers to set up engine MRO facilities.