Gmr

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

ADP, GMR Airports infrastructure to merge joint venture with GMR

ADP and GMR Airports Infrastructure own 49% and 51%, respectively, of the unlisted GMR Airports Ltd., according to a statement Sunday from the French company

Boeing, GMR Aero Technic to set up India's first freighter conversion line

Deal seen as a major boost to fledgling MRO sector in India; GMR's Hyderabad unit to become fourth Boeing-approved facility globally after China, Costa Rica and UK

GMR Airports Infra shares settle with marginal gains after Q3 earnings

Shares of GMR Airports Infrastructure settled with marginal gains on Wednesday after the firm reported a PAT of Rs 104.82 crore for December quarter 2022-23. The stock of the firm soared 0.79 per cent to close at Rs 38.45 on the NSE. On the BSE, it went up 0.66 per cent to end at Rs 38.40. In volume terms, 5.57 lakh shares of the firm were traded on the BSE and 1.01 crore shares on the NSE, during the day. The 30-share BSE Sensex index closed 242.83 points or 0.40 per cent higher at 61,275.09 on Wednesday. On Tuesday, GMR Airports Infrastructure reported a consolidated profit after tax (PAT) of Rs 104.82 crore for December quarter, against a loss of Rs 515.34 crore in the year-ago period. Revenue from operations during the quarter under review was Rs 1,766.36 crore as against Rs 1,364.13 crore a year ago, the company said in a regulatory filing. On a standalone basis, the company reported a loss of Rs 9.61 crore for Q3 FY23, while revenue from operations stood at Rs 28.44 crore,

GMR Power and Urban Infra posts net profit at Rs 361 crore in Dec quarter

GMR Power And Urban Infra Ltd on Monday reported its consolidated net profit at Rs 360.53 crore in the quarter ended December 31, 2022. The company had posted a consolidated net loss of Rs 558.41 crore in the corresponding quarter of previous fiscal, GMR Power And Urban Infra Ltd said in a filing to BSE. The company's consolidated income during October-December period increased to Rs 1,503.56 crore from Rs 1,006.93 crore in the year-ago period. GMR Power and Urban Infra Ltd carries on its business through various subsidiaries, joint ventures, jointly controlled operations and associates, being special purpose vehicles exclusively formed to build and operate various infrastructure projects. The company carries on its business in single business verticals viz., engineering, procurement and construction.

GMR Power & Urban Infra Q2 net profit rises over four-fold to Rs 1,083 cr

GMR Power And Urban Infra Ltd on Friday reported a more than four-fold rise in consolidated net profit at Rs 1,082.70 crore for the quarter ended September. The company had posted a consolidated net profit of Rs 248.95 crore in the year-ago period, GMR Power And Urban Infra said in a filing to BSE. The consolidated income of the company during the second quarter of the current fiscal increased to Rs 1,626.90 crore compared to Rs 1,086.44 crore in the year-ago period. However, on a standalone basis, the company reported a loss of Rs 46.40 crore in the latest September quarter. It had posted a standalone profit of Rs 509.30 crore in the year-ago period. The company is into the business of engineering, procurement and construction.

Adani, GMR and L&T place bids for smart meter tender in Uttar Pradesh

These smart meters will be installed in the areas of four of the five power distribution companies of UP, namely PuVNL, PVVNL, DVVNL and MVVNL.

GMR Warora Energy signs pact with lenders to recast Rs 3,000 cr loans

Loans would be repaid progressively over 15 years, giving the company additional time of about seven years to extinguish the liability