January 12th, 2022 11:19 PM 0 COMMENTS

GMR Infrastructure Demerges Non-Airport Business, Becomes a Pure-Play Airports Company

GMR Infrastructure Ltd (GIL), the operators and developers of Delhi airport and Hyderabad airport, separated its non-airport businesses into GMR Power and Urban Infra Limited (GPUIL). With this new division, GIL became an independent entity and has started trading on stock exchanges from today as a pure-play airports company. The stock, which opened at Rs 43.50, hit a high of Rs 46.65 on the first day and closed at Rs... Read More

July 16th, 2020 6:21 AM 0 COMMENTS

Consortium of Tata Group, GIC, SSG Capital to Gain 44% Stake in GMR Airports

The consortium of GMR Infrastructure, Tata Group, GIC, and SSG Capital is nearing towards the last leap of closure. The shareholders have signed the agreement, and Tata Group, GIC, and SSG Capital are seeking approval from the Competition Commission of India (CCI). Once into motion, the consortium will handle the entire airport business of GMR Infrastructure, located both in India and abroad. The three partners, Tata Group, GIC and SSG... Read More

January 21st, 2022 3:14 PM 0 COMMENTS

Andhra Pradesh to Construct New Airports Under the ‘One District – One Airport’ Concept

Andhra Pradesh plans to expand its aviation infrastructure under the ‘One District – One Airport’ concept. The state’s Chief Minister Y.S. Jagan Mohan Reddy has directed the Infrastructure and Investments Department to construct seven new airports under the proposed concept. The airports will have an identical infrastructure and handle wide-bodied aircraft, including Boeing aircraft. Andhra Pradesh has 13 districts in total and has commenced building another 12 districts. Currently, the... Read More

July 16th, 2020 5:59 AM 0 COMMENTS

Goa to Have a Second Functional International Airport in Next Three Years

Among other metro cities like Mumbai and Delhi which are all set to get their second airport in the coming years, there will be another city in India which would have a second International Airport within its city bounds and that will be Goa. The city will get a second airport in Mopa and will be developed by GMR, the same company which manages Delhi IGI airport. The word comes... Read More

November 30th, 2019 10:19 PM 0 COMMENTS

Jewar Airport With Six Runways to be Delhi’s Second One, Zurich Wins the Bid

Although the Indira Gandhi International (IGI) airport remains the one with the most air traffic in India. A new airport in Jewar might surpass the enormity of Delhi IGI. For the construction of this new airport, Zurich Airport International, which already operates eight airports across the world, including the one in Zurich has won the bid for the biggest airport in the country which is set to be even bigger... Read More

November 18th, 2019 10:52 AM 0 COMMENTS

Delhi Airport to Get Designated Terminal For Private Jets By January 2020

Delhi’s Indira Gandhi International Airport (IGIA) is soon to get a dedicated terminal for private jets and charter flights. The terminal, which is now commissioned for development, is expected to be operational by January 2020. The jet terminal is a part of the Phase III expansion project that is currently on progress at the airport.The Delhi International Airport Ltd (DIAL), led by GMR Group, and the Airports Authority of India... Read More

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