The fast growth of the Indian economy in recent years has placed increasing stress on physical infrastructure, such as electricity, railways, roads, ports, airports, irrigation, healthcare, water supply and sanitation systems, all of which already suffer from a substantial deficit
Tag: GMR Infra
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GMR Infra gets Rs 1,740 cr from stake sale in Istanbul
GMR Infrastructure has received Rs 1,740 crore towards divestment of 40 per cent stake in Istanbul Sabiha Gokcen International Airport in favour of Malaysia Airport Holdings Berhad.
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GMR aims to reduce current debt through sale of road toll projects
GMR Infrastructure is likely to sell four road toll projects between Hyderabad and Vijaywada in Andhra Pradesh. The company aims to raise Rs 1,500 crore through the sale of these road assets.
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Leading firms eye ` 211.4 bn rail corridor project
Leading infrastructure companies like L&T IDPL, Gammon Infra, IL&FS Transportation, GMR Infra, CAF South Africa are eyeing the Rs 21,147-crore Mumbai elevated rail corridor project.The railways seeks to implement the 60-km corridor project on public private partnership (PPP) basis and would invite bidding for the same in a few months. Reports suggest that the railways would close the first round by March-end, when the bidders would submit requests for qualification (RFQs). The successful bidder
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Delhi Intl Airport seeks development fee extension
GMR Infra-controlled Delhi International Airport is seeking an extension of the airport development fee (ADF), a proposal for which is pending with the Airports Economic Regulatory Authority, after banks refuse to lend further.