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GMR Infrastructure takes Rs 2,212 crore impairment on two power plants

GMR Rajahmundry Energy has implemented a debt resolution plan, after approval from all its lenders

GMR
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Jyoti Mukul New Delhi
GMR Infrastructure (GIL) has taken an impairment of Rs 2,212 crore on its balance sheet for its Rajahmundry and Chhattisgarh power plants, resulting in a loss of Rs 2,353 crore for the quarter ended March 31, and of Rs 3,466 crore for financial year 2018-19.

All three business segments of the company have, however, reported a profit. The airport business showed one of Rs 1,375 crore for FY19. 

On Wednesday, it closed the issuance of $350 million bonds of a 10-year tenure for Delhi Airport at 6.45 per cent, for funding an expansion from 66 million to 100 million passengers a year.

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First Published: May 30 2019 | 6:53 PM IST

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