GMR, Megawide group set to win $400 million Philippine airport contract

Last Updated: Thursday, December 12, 2013, 12:22

A consortium of GMR Infrastructure (GMRI.NS) and the Philippines' Megawide Construction Corp (MWIDE.PS) is the likely winner of a $400 million tender to build and operate a passenger terminal at an international airport in central Philippines.

Infra cos pay over $1 bn in finance, interest costs in H1

Last Updated: Sunday, November 24, 2013, 13:44

India's major 10 infrastructure companies have together paid out more than USD 1 billion towards finance and interest costs during the first half of fiscal, resulting in huge dents in margins in some cases.

GMR Infra shares fall by 6% as Q2 loss widens

Last Updated: Wednesday, November 13, 2013, 19:05

Shares of GMR Infrastructure Wednesday plunged over 6 percent following its weak financial results for the July-September quarter which saw losses widening to Rs 393 crore.

GMR Kamalanga's 2nd unit becomes commercially operational

Last Updated: Tuesday, November 12, 2013, 18:46

GMR Group is establishing 3x350 MW coal-based thermal power plant at Kamalanga in Dhenkanal district.

GMR asks Jaiswal to take up Chhattisgarh power proj with CCEA

Last Updated: Wednesday, November 6, 2013, 15:34

GMR Group has asked Coal Minister Sriprakash Jaiswal to take up with CCEA the issue of providing fuel for its 1370 MW supercritical power project in Chhattisgarh, involving a cost of Rs 8,290 crore, which is scheduled to start commercial operations next year.

Rangarajan panel on road developers bailout to be set up soon

Last Updated: Thursday, October 17, 2013, 16:20

The government will soon constitute a panel, headed by PMEAC Chairman C Rangarajan, to look into the issues pertaining to bailout of highway developers.

GMR group to sell 74% stake in expressway to IIF

Last Updated: Tuesday, September 17, 2013, 15:39

Diversified group GMR on Tuesday said it has decided to sell 74 percent share in GMR Ulundurpet Expressways Private Limited to India Infrastructure Fund of IDFC for Rs 222 crore.

GMR Infra Q1 net loss up more than three-fold to Rs 326 cr

Last Updated: Wednesday, August 14, 2013, 14:47

The Bangalore-based roads to energy to airports group had reported a consolidated net loss of Rs 94.30 crore in the corresponding quarter of the previous fiscal.

Nepal's Supreme Court vacates stay order against GMR project

Last Updated: Monday, August 12, 2013, 19:20

Nepal's Supreme Court has lifted its stay order and allowed the government to go-ahead with the power development agreement negotiation with Indian infrastructure major GMR for building the 900 MW Upper Karnali Hydropower Project.

GMR in race for Malta power plant

Last Updated: Sunday, June 30, 2013, 19:40

GMR will have to compete with other bidders such as oil major Royal Dutch Shell, Italian utility Edison and China's state-owned CPECC, who qualified in the first round.