GMR Infrastructure Raises Rs 24.75 Bn
ECONOMY & POLICY

GMR Infrastructure Raises Rs 24.75 Bn

GMR Infrastructure, a key player in the Indian infrastructure sector, has successfully raised a substantial sum of Rs 24.75 billion to refinance its existing debt. The infusion of funds comes with notable support from leading financial entities, including JP Morgan and Tata Cleantech Capital. The strategic objective behind this financial manoeuvre is to undertake debt refinancing, with a specific focus on the GMR-operated airport in Goa.

The capital injection is expected to fortify GMR's financial position, allowing for strategic debt restructuring and positioning the company for sustained growth. The Goa airport project, a significant undertaking for GMR, is set to benefit from this financial reinforcement, contributing to the overall development of the region's infrastructure.

This move reflects not only GMR Infrastructure's proactive approach to financial management but also the confidence of reputed financial institutions like JP Morgan and Tata Cleantech Capital in the company's projects. The successful mobilisation of funds is indicative of the continued positive momentum in both the infrastructure and finance sectors in India.

GMR Infrastructure, a key player in the Indian infrastructure sector, has successfully raised a substantial sum of Rs 24.75 billion to refinance its existing debt. The infusion of funds comes with notable support from leading financial entities, including JP Morgan and Tata Cleantech Capital. The strategic objective behind this financial manoeuvre is to undertake debt refinancing, with a specific focus on the GMR-operated airport in Goa. The capital injection is expected to fortify GMR's financial position, allowing for strategic debt restructuring and positioning the company for sustained growth. The Goa airport project, a significant undertaking for GMR, is set to benefit from this financial reinforcement, contributing to the overall development of the region's infrastructure. This move reflects not only GMR Infrastructure's proactive approach to financial management but also the confidence of reputed financial institutions like JP Morgan and Tata Cleantech Capital in the company's projects. The successful mobilisation of funds is indicative of the continued positive momentum in both the infrastructure and finance sectors in India.

Next Story
Resources

REHAU acquires 1.05-acre land in Sri City

REHAU, the global polymer solutions provider, has acquired 1.05 acres of industrial land in Sri City, Andhra Pradesh, marking a key milestone in its expansion strategy in India. The land, secured on a 99-year lease, is located adjacent to the RED Star Polymers facility and will support scaling up the company’s manufacturing operations.This acquisition closely follows REHAU’s majority stake purchase (51 per cent) in RED Star Polymers Pvt Ltd, a PVC edgeband manufacturer, reinforcing its long-term commitment to the Indian market. The site offers strategic advantages in proximity, infrastruct..

Next Story
Resources

BSH unveils Bosch and Siemens brand store in Kolkata

BSH Home Appliances, a subsidiary of BSH Hausgeräte GmbH and global leader in premium home appliances, has launched its first exclusive Bosch and Siemens brand store in Kolkata. Located in the upscale Dhakuria neighbourhood, the store signifies BSH’s strategic push in East India, a region where it has recorded a 26 per cent CAGR between 2019 and 2025.Spanning 1,450 sq ft for Bosch and 850 sq ft for Siemens, the new showroom is operated in partnership with Multi-Channel Electronics. It offers customers a hands-on experience of BSH’s latest innovations, including AI-enabled ovens, high-capa..

Next Story
Products

Trusted Termite Solutions

Envu’s Premise, formulated with Imidacloprid 30.5% SC, is India’s only termiticide validated by CBRI and GreenPro. This non-repellent soil treatment eliminates entire termite colonies effectively. Trusted by architects, builders, and pest control professionals, Premise ensures long-lasting protection with a proven safety and performance profile.Contact: Envu IndiaWebsite: www.envu.com..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?