ALSO READGMR-Megawide lowest bidder for $250-mn Clark International Airport project Visibility under 50 mts at Delhi airport; dense fog affects 350 flights Over 500 flights delayed, 8 cancelled due to low visibility at IGI Bharti Realty to invest Rs 35 bn in Delhi-NCR commercial, housing projects Season's worst fog hits over 200 flights in Delhi
GMR Infrastructure today reported a consolidated net loss of Rs 5.65 billion for the quarter ended December 31, 2017. The company had clocked a net profit of Rs 6.43 billion in the corresponding quarter of 2016-17, it said in a BSE filing. Total income from operations declined to Rs 22.95 billion during the quarter under review as against Rs 25.87 billion in the year-ago period. Total expenses declined to Rs 24.87 billion as against Rs 26.23 billion in the corresponding quarter a year ago. GMR Group is a leading global infrastructure conglomerate with interests in the airport, energy, transportation and urban infrastructure. Its portfolio comprises Indira Gandhi International Airport, New Delhi; Rajiv Gandhi International Airport, Hyderabad; Mactan Cebu International airport in partnership with Megawide in the Philippines and the Greenfield Airport at Mopa in Goa. The company has won the rights to develop and operate a greenfield airport at Heraklion, Crete, Greece in partnership with GEK Terna and is also developing smart cities adjacent to Delhi and Hyderabad airports.