GMR Hyderabad airport plans $300 million offshore bond issue
The bonds to be issued by GMR Hyderabad airport are likely to have a tenure of 10 years and will be used to refinance GMR Infrastructure's debt05-03-2017
05-03-2017
Warren Buffett has been a really inspiring role model: G.M. Rao
G.M. Rao, founder chairman of the GMR Group, talks about his philanthropic initiatives which focus on health, education and livelihoods02-03-2017
Lenders get majority stake in GMR's Chhattisgarh unit
Of the total debt of Rs 8,800 cr, debt to the extent of Rs 2,992 cr has been converted into equity28-02-2017
GMR Infrastructure completes strategic debt restructuring for GMR Chattisgarh Energy
GMR Chhattisgarh Energy Limited (GCEL), a subsidiary of GMR Infrastructure Limited (GIL) has announced that the consortium of lenders of GCEL have adopted Strategic Debt Restructuring Plan (SDR), as provided under the scheme permitted by the RBI. GCEL has accordingly allotted equity shares to all its lenders. Out of the total outstanding debt (including accrued interest) of Rs 8,800 crore, debt to the extent of Rs 2,992 Cr has been converted into equity. Consequently the lenders will have 52.4% shareholding and balance 47.6% will be held by GMR. The balance project debt now stands at Rs 5,800 crore, resulting in a debt-to-equity ratio of 1.0x.27-02-2017
GMR Infrastructure Ltd. Completes Strategic Debt Restructuring Of GMR Chhattisgarh Energy Ltd.
GMR Infrastructure Ltd has informed BSE regarding a Press Release dated February 27, 2017 titled "GMR Infrastructure Ltd. Completes Strategic Debt Restructuring Of GMR Chhattisgarh Energy Ltd.".27-02-2017
Clarifies on news item
With reference to news flashed on CNBC TV 18 dated February 20, 2017 "GMR likely to Demerge Airport Arm and list it separately, GMR Infrastructure Ltd has submitted to BSE a copy of Clarification is enclosed.20-02-2017
Clarification sought from GMR Infrastructure Ltd
The Exchange has sought clarification from GMR Infrastructure Ltd on February 20, 2017, with reference to news flashed on CNBC TV 18 dated February 20, 2017 "GMR likely to Demerge Airport Arm and list it separately".The reply is awaited.20-02-2017
GMR Infra posts Rs382 crore loss in Q3
GMR Infra's total income from operations declined to Rs216.25 crore during the third quarter as against Rs294.48 crore in the year-ago period13-02-2017
Outcome of Board Meeting - Resignation of Director
GMR Infrastructure Ltd has informed BSE that Mr. Jayesh Desai has resigned from the position of Director of the Company with effective from February 13, 2017 due to the reason mentioned in his resignation letter dated January 16, 2017.The Board at their meeting held on February 13, 2017 took on record the resignation of Mr. Jayesh Desai and recorded its appreciation for the valuable services rendered by him during his tenure as a Director of the Company.13-02-2017
Announces Q3 results (Standalone) & Limited Review Report (Standalone) for the Quarter ended December 31, 2016
GMR Infrastructure Ltd has announced the following Unaudited Standalone results for the quarter ended December 31, 2016:The Company has posted a net loss after tax of Rs. (3819.30) million for the quarter ended December 31, 2016 as compared to net profit of Rs. 400.10 million for the quarter ended December 31, 2015. Total Income has decreased from Rs. 2987.20 million for the quarter ended December 31, 2015 to Rs. 2259.70 million for the quarter ended December 31, 2016.13-02-2017