GVK Power & Infrastructure is planning to raise funds for its airport business as the diversified group seeks to reduce its debt burden. The group, which has over Rs 20,000 crore debt burden, is operating Mumbai and Bangalore international airports. The Mumbai airport is expected to see more than 40 mn passengers in the current financial year ending March 31, 2016. Last fiscal, it had about 36.4 mn passengers. The group is also actively looking at opportunities in Indonesia and Africa with two airports under development in Indonesia.
Contact: GVK Power & Infrastructure.
Tel: 040-2790 2663.