For GMR group, in its demerged avtaar, airports division is a bigger star

The group's non-airport entity is still work in progress in terms of stronger liquidity and asset exits

More than two years since GMR Group initiated a demerger, the airport business continues to outpace the group’s non-airport unit in terms of growth and attracting investors.

In 2021, the group initiated a demerger for its then sole listed unit — GMR Infrastructure, into two listed entities — GMR Airports Infrastructure (GIL) and GMR Power and Urban Infra (GPUIL). While the former is its airport business, GPUIL is the non-airport unit.

The aim of the demerger was to allow the airport and non-airport businesses to chart out their respective growth plans and facilitate strategic partnerships at different platforms.

While the