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NSE
27.05
Change Change %
0.20 0.74%

Updated:11 Jun, 2021, 15:58 PM IST

BSE
27.05
Change Change %
0.15 0.56%

Updated:11 Jun, 2021, 16:00 PM IST

GMR Infrastructure (GIL), incorporated in May 1996, was earlier known as Varalakshmi Vasavi Power Projects and is located in Andhra Pradesh. The name was changed to GMR Vasavi Infrastructure Finance in 1999, and later to GMR Infrastructure in the year 2000.

The company is the infrastructure holding company formed to fund the capital requirements of various infrastructure projects in the Group?óÔé¼Ôäós Energy, Highways and Airport and SEZ sectors. It undertakes the development of the infrastructure projects through its various subsidiaries.

Business

Airport: It is engaged in restructuring and modernization of airports. For this it forms alliance with various authorities.  For the Delhi airport it has formed a consortium with Fraport AG (Europe's largest cargo hub and second largest passenger airport), Frankfurt Airport Services Worldwide (owners and managers of Frankfurt Airport) and the India Development Fund (an IDF AMC managed fund). Under this it completed Rajiv Gandhi Airport in Hyderabad, which started commercial operations in March 2008.The company also has interest in the companies that operate Indira Gandhi International Airport in New Delhi, and Sabiha Gokcen International Airport in Istanbul.

Energy: It is also involved into development of power plants. It has successful developed 200 MW power plant for Tamil Nadu State Electricity Board. It has lined up of power  projects such as Vemagiri Power Generation (388.5 MW),GMR Bajoli Power Project(180 MW) and GMR Chhattisgarh Power Project(1000 MW), among others. The company also has a portfolio of assets, which include gas, coal, and hydro projects; and two hydro projects in Nepal, one gas based power project in Singapore, and coal assets in South Africa and Indonesia.

Highways GIL is also into developing of highways and has completed two road projects awarded by the National Highway Authority of India (NHAI) namely Tambaram–Tindivanam and Tuni–Anakapalli. It has won other highway projects namely Ambala–Chandigarh, Adloor–Gundla Pochanpalli, Tindivanam–Ulunderpet and Thondapalli–Jadcherla. In addition, the company holds concessions for six highways measuring a total length of approximately 1684 Lane kilometers, as well as provides illumination, with high–mast lighting at various junctions and flyovers.

GIL it engages in the production of sugar; and development of a multi product special economic zone in Krishnagiri district in Tamil Nadu. It has developed sugar plants for Sankli Sugar, Dhanalakshmi Sugar and Haliyal Sugar.

GIL has taken up development of SEZ located in Krishnagiri District in Tamil Nadu.

It offers aircraft charter services and consultancy for business aviation.

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