At present, the financial status of the aviation industry is not sound. We have to recognize the potential of the industry. India can be a proposed hub. In global aviation ranking, the Indian aviation sector stands at ninth position.
Tag: GMR Group
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Airbus in talks for stake in GMRĂ´s MRO unit
The GMR Group is in discussion with Airbus for a possible stake sale in its aircraft maintenance, repair and overhaul (MRO) unit in Hyderabad.
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GMR Infra, JBIC sign MoU for infra sector
GMR Infrastructure has signed a memorandum of understanding (MoU) with the Japan Bank for International Cooperation (JBIC)
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FDI Ultimate Game Changer
Though investment in infrastructure is expected to touch $1,025 billion in the Twelfth Five-Year Plan (2012-17), many hurdles are choking investment inflows despite the governmentĂ´s overdrive to attract funds. The governmentĂ´s recent decision to open up the railway sector to Foreign Direct Investment (FDI)
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GMR to bid for all six airports
GMR Group plans to bid aggressively for all the six airports that the government will privatise. The company does not intend to tie up with any player as it is eligible to bid alone this time.
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GMR completes divestment of GUEPL
The GMR Group has announced the successful completion of the divestment of its majority stake (74 per cent) in GMR Ulundurpet Expressways Private Limited (GUEPL) to India Infrastructure Fund (IIF). IIF has earlier emerged as the successful bidder in buying majority stake in GUEPL, which attracted strong interest from several major investors in India and abroad. GMR and IIF had signed a definitive agreement on 17 September 2013 and the transaction was concluded on 17 February 2014, upon receipt o
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GMR to sell Istanbul Airport stake
IndiaĂ´s GMR Group is to sell its 40 per cent stake in IstanbulĂ´s Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, IndiaĂ´s largest private airport developer, has entered into a definitive agreement with TurkeyĂ´s TAV Airports Holdings. For the transaction, now it needs the approval of its partners in the airport. In the Istanbul Airport, Malaysia Airports Holdings owns 20 per cent while Limak Holdings has 40 per cent stake.
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GMR to sell stake in Istanbul Airport for Rs 2,500 cr
India's GMR Group is to sell its 40 per cent stake in Istanbul's Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, India's largest private airport developer, has entered into a definitive agreement with Turkey's TAV Airports Holdings.
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GMR to sell stake in Istanbul Airport for Rs 2,500 cr
India's GMR Group is to sell its 40 per cent stake in Istanbul's Sabiha Gokcen International Airport for 200-250 million (approximately Rs 2,500 crore. For this, the GMR Infrastructure, India's largest private airport developer, has entered into a definitive agreement with Turkey's TAV Airports Holdings.
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2nd unit of GMR Kamalanga plant operational
The GMR Group is establishing 3x350 MW coal-based thermal power plant at Kamalanga in Orissa's Dhenkanal district. The first unit of 350 MW commenced generation on 30 April 2013. The second 350 MW unit of GMR Kamalanga Energy (GKEL) was declared commercially operational on
11 November 2013. With this, the GMR Group's combined generation capacity has touched 2,136 MW.