Bengaluru-based GMR Infrastructure bought 50 per cent of InterGen in 2008 for USD 1.1 billion from a fund owned by American International Group Inc.
Their coal block bids may be referred to CCI.
The DGCA's unprecedented move came after the regulator's team found that several flights operated by GMR Aviation in the last month, including one on Monday when an aircraft flew Congress Vice President Rahul Gandhi to Bhubaneshwar, had skipped some mandatory tests, DGCA sources said.
A local court in Hyderabad has issued four more non-bailable warrants (NBWs) against businessman Vijay Mallya after he failed to appear in a court here in connection with alleged dishonour of cheques amounting to Rs 2 crore (Rs 20 million) to GMR Hyderabad International Airport Ltd.
After over a week-long legal battle, Indian infrastructure major GMR will hand over the operations of the Male International Airport to Maldives's state-run MACL midnight tonight meeting the deadline set for the same.
Delhi International Airport, a subsidiary of GMR Infrastructure, will absorb all general employees of Airports Authority of India, working at Indira Gandhi International Airport, New Delhi. There are over 2,300 general employees of AAI.
The Income Tax department on Thursday carried out a raid at the Delhi Daredevil office owned by conglomerate GMR in connection with the IPL probe.
GMR Infrastructure on Tuesday said it plans to raise Rs 50 billion (Rs 5,000 crore) by selling shares in domestic as well as international markets.
Essar Power and GMR are among the global bidders for a 450-Mw dual fuel power project planned by the Bangladesh government at Sirajgonj, about 140 km from Dhaka.
The move is aimed at securing coal supply to its proposed 1,500 mega watt plant in the western coast. The company is looking for locations in Maharashtra and Gujarat for the plant. The infrastructure firm has paid half of the acquisition amount upfront and the balance will be paid after commercial production begins two years from now. Coal from the mine would be shipped to the new plant during the time of power generation.
A private equity arm of Citibank has picked up the shares, representing 1.25 per cent stake, at Rs 270 per share, indicating the pricing of the IPO.
25% each in the holding company to give them indirect control of 17.5% each in GMR Infra
India's leading private airport developers, GMR and GVK groups, are planning to bid for the modernisation of Ngurah Rai International Airport in Bali, Indonesia. Both are currently undertaking feasibility studies and preparing to participate in the tender process, sources said.
The company will continue to operate the airport and the arbitration process will continue on the side.
The brand new terminal at the Indira Gandhi International Airport of New Delhi marks the culmination of a long journey for Grandhi Mallikarjuna Rao.
The realist school of thought currently employed by Delhi, that friendships don't matter as long as national interest is taken care of, is all very well to pursue, except in this case Nasheed exemplified both friendship and national interest. After its errors of judgement on the Maldives, India's next opportunity will come only when elections are held.
ADA Group's Reliance Energy and GMR Infrastructure are the two Indian firms that have been shortlisted in the bidding process to acquire Singapore's Tuas Power, one of the three power firms put on block.
The claim was filed on Friday before an Arbitration Court in Singapore and a final order in the matter is likely to come out by end of March next year.
I-T teams have scanned documents and payment details related to TDS.
The present offer is a third of Homeland Mining's initial valuation. GMR Energy, a part of GMR Infrastructure, had valued this coal mining firm at $310 million when it acquired a small stake in April 2008. "In our due diligence, we have found out that we had valued this firm much higher based on various factors such as how many layers one has to mine to access the worthwhile coal," a GMR Group official said.
Narayana Murthy said reality is 'what you make.'
Offers 12.60% in revenue share to Cidco, while only other bidder GMR offered 10.44%.
GMR Infrastructure, which manages two airports in India, at Delhi and Hyderabad, seems hungry for more.
GMR Infrastructure, the co-developer of Delhi International Airport (DIAL) and Hyderabad International Airport (HIAL), is looking at bidding for privatisation of Prague airport in the second half of 2008, one of the more profitable state-run enterprises in East Europe.
Infrastructure developer GMR Group plans to set up an airport-based special economic zone near the new Hyderabad International Airport, which it has the mandate to develop.
GMR Infra, a publicly held firm that manages the Delhi international airport, is set to kickstart the second phase of monetisation of its 230-acre land parcel near the airport.
Delhi International Airport Ltd move likely to impact revenue flow to government kitty.
Are faulty design, hurried construction and private ownership to be blamed for the incidents of airport roofs crashing?
Bangalore-based infra major GMR Infrastructure Ltd has completed divestment of 50 per cent stake in global power generation company InterGen to China Huaneng Group (CHG), said the company.
Infrastructure developer GMR Infrastructure said on Wednesday it has tied up with Plaza Premium Lounge of Hong Kong for maintaining and managing lounges at the New Hyderabad International Airport.
Indian firm skips midnight ceremony Maldives terms takeover a victory for its people.
The ongoing dispute between the Indian company GMR Infrastructure and the Maldives government over the former's contract to build an airport for the Maldives' capital, Male, throws up some knotty questions.
The company also needs to get its power plants going if it wants to reduce its debt burden.
The Maldives has an open economy with a narrow export base but high dependence on imports for most of its economic activities. As a result, foreign merchandise trade normally records a large deficit.
Singapore High Court has stayed the unilateral termination of GMR's $500 million Male airport project.
Did GMR Infra get a sweet deal from former Maldivian president that turned sour as a new government came to power?
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