Sagar said they are hoping that India's wicketkeeper batter will soon make a return and play in IPL 2024
At present, the Mactan Cebu International Airport can handle seven million passengers a year
Sources said GMR could be the first major Indian corporate to engage multiple auditors. GMR will also rotate the auditors at periodic intervals. The length of the rotation period shall be decided by the company board, based on the recommendation of the audit committee. GMR will also employ the services of reputed audit firms for specific assignments of audit as may be decided by the company's board from time to time on the recommendation of the audit committee.
Infra major GMR is hopeful of maintaining strong order book.
The debt-laden company, which recently won its first railway construction project, is looking at a four-fold increase in its order book next year.
Delhi Capitals remove Ponting from head coach's post, Ganguly could assume new role
The Delhi airport, the country's busiest airport, on Friday early morning witnessed the collapse of a roof at Terminal 1 amid heavy rains that killed one person, prompting the government to order a detailed probe and an inspection of the structural strength of all airports.
GMR was misled by the (predecessor) Nasheed administration to signing a legally unsustainable agreement, says Maldives president, Mohamed Waheed.
Asset sales have helped ease investors' worry but debt remains at alarming levels
The company has already done the due diligence of the project to upgrade the Hanimaadhoo airport at Upper North Province of Maldives which is nearly 300 kilometres from the national capital Male.
Maldives' state-run MACL on Friday night took over the operations of the Male international airport from GMR after the Indian infrastructure major lost a week-long legal battle over the "unilateral" termination of its $511 million airport modernisation contract.
The irate villagers of Kamalanga and Mangalpur, who are among the affected persons of GMR's proposed 1800 Mw power plant in the area, had ransacked the company office on Monday protesting low compensation for land, lack of peripheral developmental work and denial of employment by the company.
The Delhi Police on Friday filed a first information report (FIR) under sections related to death by negligence after the collapse of the roof of Delhi airport's Terminal-1 killed one person and injured six others.
If the deal comes to fruition, it will make Hampshire the first county side to be owned by an overseas franchise.
Infra major's entry could queer the pitch for Jaypee and Hindustan Semiconductor.
'GMR Group today signed an agreement with the international power producer InterGen to acquire its 100 per cent ownership stake in Island Power,' GMR Infra said in a filing to the Bombay Stock Exchange. Island Power is currently developing an 800 MW power facility in Singapore. The project would bring in about $1.5 billion (Rs 72 billion) foreign direct investment in the country.
A senior executive of GMR group confirmed that both the companies were keen to get out of the venture. Fraport has already closed its development office in India.
The transaction was concluded on March 28 after getting all the necessary approvals, the company said in a statement.
This move to sell a part of its land holding in one of its SEZ is part of an overall move by GMR to exit some of its assets as part of its 'asset light -- asset right' strategy.
GMR Infra's exit from this project, expected this year, will mark the company's waning global presence after a very aggressive expansion.
The Maldives inland revenue authority is known to be working on the documents after the income to the tax department received was less than expected.
GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (around Rs 4,987 crore) from the Maldivian government for 'wrongfully' terminating the international airport contract in that country's capital.
It claims that the Male Airport contract is "non-reversible and non-negotiable".
Large proportion of the international traffic is also diverted through other airports due to lack of operational facilities for convenient links through Hyderabad.
Considers bidding for Barcelona, Madrid airports; may rope in local partner.
Norms limiting airlines' stake in SPVs managing airports to hurt Tatas.
Last year, the Philippine government had invited bids to upgrade the Mactan-Cebu International Airport, the country's second busiest airport.
Spanning 555 km, the project was to cost Rs 7,500 crore.
Reliance-ASA on Monday emerged as the highest financial bidder for the Delhi airport modernisation project, offering 46 per cent of revenue share to government for the work.
GMR Energy, the holding company of GMR group's power business, said on Tuesday it will set up a 1,000 MW coal-based power project in Chhattisgarh.
Being touted as a competitor to the country's busiest Delhi airport -- which handles approximately 1,200 flights a day -- the Noida airport was expected to start flight operations by the end of this year. But supply-chain disruption, caused by pandemic and subsequent global upheaval, has hit the pace of construction at the airport which is coming up in the Jewar area of UP's Gautam Budh Nagar, some 75-km from the Delhi airport.
To this end, the group is consolidating its global assets under GMR Infrastructure International (registered in the Isle of Man) for a public issue in London, according to an executive who did not wish to be identified, in a move that largely replicates what metals behemoth Vedanta did six years ago.
This is the first time that the Maldives government has acknowledged that compensation has to be paid to GMR.
The Rs 31,000-crore refinery and petrochemical plant being planned by Oil and Natural Gas Corporation in Kakinada in Andhra Pradesh is likely to have a new partner -- the Bangalore-based GMR group. GMR is the latest to join the long line of suitors, including the Hinduja group, Reliance Industries and Essar Oil, for the refinery.
GMR's power plant envisages to come up on 530 hectares, of which 310 hectares belong to some 250 farmers. The district administration had convened a public hearing, but had to stop the proceedings soon after it began. The villagers gathered at the meeting place and lodged a strong protest against the project, vowing not allow the power plant to come up in the area.
The Tamil Nadu government on Monday entered into a joint venture with Hyderabad-based GMR Infrastructure Ltd to set up a multi-product Special Economic Zone in the state's Krishnagiri district at a cost of Rs 2,300 crore (Rs 23 billion).
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances