In line with GMR Group's Asset Right and Asset Light Strategy, GMR Highways Ltd has signed a definitive agreement with India Infrastructure Fund (IIF) to divest 74% stake in GMR Ulundurpet Expressways Private Limited ('GUEL').
Tag: GMR Group
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EMCO Energys second 300 MW unit synchronised
The second unit of the 2X300 MW power plant of GMR's EMCO Energy has been synchronised with the grid and has achieved full load operation on 27 August 2013. The GMR Group is setting up EMCO Energy's 600 MW power plant at Warora in Chandrapur District of Maharashtra.
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Cost, lopsided contracts, technology adoption are still issues: Experts
Tunnelling is a relatively recent phenomenon in India in especially when it comes to roads. With few domestic players in the market in manufacturing sophisticated equipment, each tunnel is a marvel in itself.
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IGI introduces CDM
Indira Gandhi International Airport (IGI) has become the first airport in the country to introduce Airport Collaborative Decision Making (A-CDM). The initiative has been jointly taken up by the Air Traffic Control (ATC)
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Hyderabad airport awarded as No 1 in India,
Hyderabad's Rajiv Gandhi International Airport (RGIA), being managed by the GMR Group, has been rated as the number one airport in India, the fifth best regional airport in Asia and also as the eighth best airport in the 5 to 10 'mppa' capacity. The World Airport Awards are the global benchmark of Airport Excellence and Quality Ranking, it added.
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Megawide, GMR may bid for Philippines airport project
For development of Mactan-Cebu International Airport (MCIA) in Philippines, a southeast Asian country, Megawide Construction Corp has reached an understanding with Indian infrastructure developer GMR Group. According to a recent filing by Megawide with the Philippines Stock Exchange, the tie-up between both the companies will come through only when the airport contract is awarded to them.
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Hyderabad, Delhi, Mumbai airports rated high by ACI
India's Delhi and Hyderabad airports managed by GMR Group and Mumbai airport by GVK Group have been rated high in respective categories in Airport Quality Service (ASQ) by Airports Council International (ACI) for 2012. The Indira Gandhi International airport at Delhi and Rajiv Gandhi International Airport at Hyderabad, both managed by GMR Infrastructure have secured second positions in respective categories.
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Macquarie SBI buys 74% stake in GMR road project in AP
To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.
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Macquarie SBI buys 74% stake in GMR road project in AP
To sell 74 per cent stake in GMR Jadcherla Expressways, GMR Highways has signed an agreement with Macquarie SBI Infrastructure Investments Pte and SBI Macquarie Infrastructure Trust. This GMR Group operates the GJEL Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI.
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NHAI may bar GMR from its bids
The Union Ministry of Road Transport and Highways and the National Highways Authority of India (NHAI) are contemplating action against GMR Group for its 'abrupt and unilateral' walkout of the 555-km-long Kishangarh-Udaipur-Ahmedabad National Highway project. Alleging delays in approvals GMR has come out of the road project.