Gmr

GMR Airports plans record $579 mn rupee-bond sale to refinance debt

The New Delhi-based company is considering to raise the funds through a note due in 18-months to three years and will use the proceeds to refinance existing debt

GMR Aero Technic inks three-year base maintenance deal with Akasa Air

GMR Aero Technic, India's leading airframe Maintenance, Repair and Overhaul (MRO) organisation, on Monday said it has signed a three-year agreement with Akasa Air, for base maintenance support of its Boeing 737 MAX fleet. A press release from GMR said under the agreement, GMR Aero Technic will undertake scheduled base maintenance checks for Akasa Air's fleet at its state-of-the-art MRO facility, located within the GMR Aerospace & Industrial Park here. For Akasa Air, this partnership underscores its commitment to maintaining a modern, efficient fleet that upholds the highest standards of safety and reliability. For GMR Aero Technic, it reinforces its growing stature as a trusted partner to India's leading airlines and reflects the increasing confidence of domestic carriers in the country's evolving MRO ecosystem, it said. Ashok Gopinath, President and Accountable Manager, GMR Aero Technic, said, We are delighted to embark on this partnership with Akasa Air for their C Check ...

GMR Hyderabad International Airport acquires 70% stake in Logistics Park

GMR Airports Ltd on Thursday said its subsidiary GMR Hyderabad International Airport Ltd has completed the acquisition of 70 per cent stake in its associate company -- ESR GMR Logistics Park Pvt Ltd. GMR Hyderabad Aerotropolis Ltd (GHAL), a wholly-owned subsidiary of GMR Hyderabad International Airport, already holds a 30 per cent stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL). EGLPPL, an associate company of GMR Hyderabad International Airport, is into development of warehousing and logistics parks in Hyderabad. For the transaction, GMR Hyderabad International Airport had entered into a share purchase agreement with other shareholders. "... Upon fulfilment of conditions precedent, the process of transfer of share and exchange of consideration between the GHIAL and ESR Group has been concluded," GMR Airports said in a regulatory filing on Thursday. According to a filing made on May 21, GHIAL was to buy the 70 per cent stake in ESR GMR Logistics Park Pvt Ltd for a little over Rs

On the runway: GMR's ₹14,000 crore capex plan for Hyderabad airport

Given the nearly three-year construction timeline for a new terminal and runway, work on the northern side is proposed to begin by FY27 to ensure readiness by September 2029

CCI rejects allegations of anti-competitive practices against GMR Airports

Fair trade regulator CCI has dismissed allegations of anti-competitive practices against GMR Airports and Delhi Airport with respect to the awarding of certain contracts. The Indira Gandhi International Airport (IGIA) in the national capital is operated by the GMR Group-led consortium Delhi International Airport Ltd (DIAL). It was alleged by an NGO that GMR Airports was engaged in monopolistic practices and charging excessive fees for contracts related to parking and lounge services at the IGIA. After reviewing submissions from the involved parties, the Competition Commission of India (CCI) said the contracts for parking and lounge services were awarded through a competitive bidding process, as mandated under the Operation, Management, and Development Agreement (OMDA). The complaint was also against the Airports Authority of India (AAI), Ministry of Civil Aviation and Fraport AG Frankfurt Airport Services Worldwide. "... the Commission, in relation to the allegation under Section

DIAL cries foul over flight operations from Hindon airport in Ghaziabad

Delhi HC refuses to grant interim relief, but agrees to hear plea

GMR expects passenger traffic to rise to 50 mn at Hyderabad airport by FY31

The GMR Group, which operates the Rajiv Gandhi International Airport here, is expecting a rise in passenger traffic to 50 million annually by FY 31, up from the current 29 million in FY 25. Pradeep Panicker, Chief Executive Officer of GHIAL said the firm is in the process of investing Rs 370 crore for the expansion of existing cargo terminal, besides setting up a new one to take the capacity close to 4.0 lakh tons annually. We are the fastest growing metro airports in the country. We did 25 million (passengers) in 2024 (ended March). This year, March ended 25, we should close at 29 million. As per the projections we have done, we could be hitting close to 50 million by 2031, Panicker told PTI. The airport already created the necessary infrastructure in a phased manner to handle 40 million passengers. The aerodrome was built in 2008 with a capacity of 12 million. Last calendar year the airport added close to 3.6 million passengers over the previous calendar year, a rare feat which

UAE's sovereign wealth fund to invest $750 mn in debt of GMR Group

The investment will also allow the Indian company to reduce the pledged shareholding on its airports business

Supreme Court upholds AERA powers in setback to GMR, Adani groups

The court has overturned the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) order and listed the matter to be heard on merits

GM Power freezes in 5% upper circuit, hits record high; Check details here

Brokerage firm Emkay cited GMR Power and Urban Infra's improving debt metrics and core thermal assets nearing optimal performance as reasons to go bullish on the stock

FIIs poured over $1.6 bn into Indian equities within 10 days: NSDL data

Factors contributing to the buying spree among Foreign Institutional Investors include stabilisation of the Indian rupee and positive sentiment regarding India's growth story

Delhi Airport introduces self-baggage drop facility: Here's how it works

The quick drop facility eliminates the need for a boarding pass or any biometric verification, reducing processing time from one minute to just 30 seconds

Ops to remain suspended for over 2 hrs daily at Delhi airport till Jan 26

There will be no flight arrivals or departures at the Delhi airport from 10.20 am to 12.45 pm every day till January 26 in connection with the Republic Day preparations and celebrations, according to an official. The NOTAM (Notice to Airmen) issued by the Airports Authority of India (AAI) has been revised to introduce the new restrictions. Earlier, the curbs were in place only for non-scheduled flights with certain exceptions. From January 19 to 26, no flights would be arriving or departing from the Delhi airport between 10.20 am to 12.45 pm, the official said on Friday. Generally, a NOTAM (Notice to Airmen) is a notice with information that is essential to personnel involved in flight operations. Airspace curbs in the national capital will be in place from Friday (January 19) till Monday (January 29) in connection with the Republic Day preparations and celebrations. Landing or take-off of non-scheduled flights of scheduled airlines, and chartered flights will not be permitted fr

Scindia launches GMR School of Aviation in collaboration with Airbus

Union Civil Aviation Minister Jyotiraditya Scindia on Thursday digitally launched GMR School of Aviation set up in collaboration with Airbus on the sidelines of wings India 2024 being held here. Strategically located within the GMR Aerospace and Industrial Park at Rajiv Gandhi International Airport, here, GMR School of Aviation is poised to become a beacon of excellence in Aircraft Maintenance Engineering, a press release from GMR said. The school will offer a fully integrated 4-year AME program along with type training. It has been certi?ed by DGCA (Directorate General of Civil Aviation) and EASA (European Union Aviation Safety Agency). The school has technical collaboration with Airbus and is a first of its kind institution in India to offer a combined B1.1 and B2 Aircraft Maintenance Engineering licensing programme, Aircraft speci?c type training courses and ancillary courses like Aircraft structures, Aircraft composite courses. Airbus will provide the necessary courseware in th

Philippines attracts four bids for main airport's $3 billion upgrade

Firms that submitted bids were the Manila International Airport Consortium, Asian Airport Consortium, GMR Airports Consortium, and SMC SAP & Co Consortium

GMR receives Rs 3,215-crore term loan for Vizag International Airport

The project cost would be funded by Rs 3,215 crore debt, equity and equity-linked instruments of Rs 1,377 crore, and a grant of Rs 135 crore by the Andhra Pradesh government

GMR arranges Rs 4,000-cr loan to construct Vizag international airport

The airport in Vizag would become GMR's fourth major airport in the country after those at Delhi, Hyderabad, and Goa

GMR Group bags Rs 2,470 cr order to install smart meters in Uttar Pradesh

GMR Smart Electricity Distribution Private Ltd has bagged Rs 2,469.71 crore smart meter installation project in Uttar Pradesh, the company said on Wednesday. GMR Smart Electricity Distribution Private Ltd (GSEDPL), a GMR Group company, has received a Letter of Award (LOA) to install smart meters in the Agra and Aligarh zones in UP, GMR Power and Urban Infra Ltd (GPUIL) said. "GMR Group receives LOA for smart metering project from Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL)," GPUIL said in a regulatory filing. The total contract value (inclusive of GST) for Agra and Aligarh zone is about Rs 2,469.71 crore, it said. The GSEDPL will install, integrate and maintain 25.52 lakh smart meters in the aforementioned areas, GPUIL said. The project is expected to be completed in 27 months, it added.

GMR Power zooms 20% as Group wins contract worth of Rs 5,123 cr in UP

The company said the total contract value for Prayagraj & Mirzapur Zone is about Rs 2,386.72 crore and for Varanasi & Azamgarh Zone is about Rs 2,736.65 crore.

DoT against giving 5G spectrum to enterprises for private network: Report

The DoT will soon inform the cabinet and the Telecom Regulatory Authority of India (Trai) about its decision to go against private network providers