The company has been the biggest beneficiary of an uptick in orders in roads, due to its dual business exposure and access to Rs 14 billion of cash inflows over FY2016-18E. The company is targeting order inflow of Rs 40-50 billion in the roads segment and Rs 5-8 billion in the power segment.
Tag: SBI Macquarie
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Hitting the road
Investing in an infrastructure project isnĆĀ“t really glamorous, more so if it happens to be a still developing economy like India that needs to first create some basic infrastructure. A new road project or a thermal power plant many not excite as much as investing in a cutting-edge technology start-up in IndiaĆĀ“s own Silicon Valley, Bengaluru
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Roads: Opportunity for new players?
The need of the hour is positive policy making from government while private sector should contribute by innovation and informed risk taking,
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Khazanah JV, SBI Macquarie may invest in GMR
To invest in the road assets of Bangalore-based diversified conglomerate GMR Group, Malaysian sovereign fund Khazanah and SBI Macquarie have emerged as potential investors.
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GMR to offload road proj
GMR Infrastructure plans to mop up around $200 million by offloading its road projects to private equity investors.Reports indicate that the company is discussing the sale with the UK based private equity firm 3i Group Plc, IDFC PE and SBI Macquarie.GMR is also looking at an eventual initial public offering of its road assets, reports suggest.