Possible increase in debt levels to fund the Mopa project restrict gains in company's stock price
Last week, GMR quelled speculation of a majority stake sale in airport ventures to raise cash and repay its high debt load
For the quarter ended March 31, 2016, the company reported a consolidated net loss of Rs 953.5 crore as against a net loss of Rs 891.9 crore in the year-ago period
The 221 KM Eastern Dedicated Freight Corridor railway project is worth Rs 2281 crore.
Contract for developing a 221-km stretch of Eastern arm of the DFC project on EPC basis
For the entire 2015-16, the company's net loss stood at Rs 2,161 crore, as against Rs 2,733.29 crore in the previous fiscal
The sale is envisaged in two tranches, with OSE first buying 14.99 per cent stake of the project from the GMR group
The deal will help GMR Group pare debt by Rs 1,077.97 crore and enhance liquidity by Rs 85 crore
The tribunal's ruling in its favour on the Maldives project is a positive but only the first step; bringing strategic investors in airport and power verticals is crucial