GMR Infrastructure
The construction market is expected to reach US$ 1.42 trillion by 2027, expanding at a CAGR of 17.26% during the 2022-2027 forecast period.
GMR Infrastructure Limited (GIL) is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including Engineering, Procurement and Construction (EPC) contracting activities and operation of airports and special economic zones. Its airports segment is engaged in the development and operation of airports. Its power segment is engaged in generation of power and provision of related services and exploration and mining activities. The roads segment is engaged in the development and operation of roadways. The EPC segment is engaged in handling of engineering, procurement, and construction solution in the infrastructure sector. The others segment is engaged in urban infrastructure and other activities.
- Six operational highways
- Total length of 2,851 kms
- Consolidated income stood at Rs. 6,863.46 crore (US$ 915.25 million) in FY21.
GMR Infrastructure Limited: Creating Tomorrow Today
| Year | Milestone |
|---|---|
| 2023 |
In May 2023, With an objective to enhance shareholder value by simplifying the corporate structure and bringing public shareholders closer to the airport assets, GMR announced the execution of the Agreement and Scheme of Merger of GMR Airports Limited (GAL) with GMR Infrastructure Limited (GIL). In May 2023, JSW Infrastructure plan to invest US$ 18.5 million (Rs. 152 crore) in increasing container capacity at new Mangalore post. |
| 2022 |
In December 2022, GMR Airports Limited and NIIF announce partnership to invest in three airports. NIIF to invest Rs. 6,310 billion (US$ 76.1 billion) in upcoming greenfield airport at Mopa, North Goa. |
| 2020 |
GMR Hyderabad International Airport Ltd (GHIAL) has signed a concession agreement to commission, operationalise and maintain the civilian enclave at the Bidar airport in North Karnataka. GMR Infrastructure is focussing on rescheduling airports’ capex plan; extended the date of completion of the Delhi Airport plan until June 2023. GMR Infrastructure Ltd. announced divestment of its 51% stake in Kakinada SEZ Limited to Aurobindo Realty and Infrastructure Private Limited for Rs 2,610 crore (about US$ 354 million). GMR Airports Limited (GAL) bagged the development and operations of the greenfield international airport proposed at Bhogapuram in Vizianagaram district from the state government GMR Airports’ international partner, Groupe ADP of France, raised US$ 2.47 billion in bonds in two-parts |
| 2019 |
GMR Aerocity announced the introduction of 'GMR Square' in the Hospitality District of Delhi International Airport |
| 2018 |
Achievement Award for Health, Safety & Environment received by Dedicated Freight Corridor Construction (DFCC) project |
| 2010 |
GMR Infrastructure Ltd's consortium has bagged a road construction project from the National Highways Authority of India (NHAI) in the southern state of Karnataka |
| 2009 |
Vijayawada highway project on a build, operate and transfer basis through international competitive bidding route. The group has received letter of award from National Highways Authority of India (NHAI) on May 27, 2009. This is seventh highway project of GMR Group after successfully completing six projects as per schedule |
| 1999 |
On May 31, 1999, the name was changed to GMR Vasavi Infrastructure Finance Limited |
| 1996 |
The company was originally incorporated on May 10, 1996 as a public limited company called Varalakshmi Vasavi Power Projects Limited in Hyderabad, Andhra Pradesh |
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