NCLT approves GMR Infrastructure's demerger of non-airport business
AVIATION & AIRPORTS

NCLT approves GMR Infrastructure's demerger of non-airport business

The National Company Law Tribunal (NCLT) has approved GMR Infrastructure's restructuring plan involving the demerger of the non-airport business, the company told the media.

GMR Infrastructure announced the reorganisation plan on August 27 of last year, to simplify the corporate holding structure and attract sector-specific international investors.

The composite scheme of arrangement between GMR Power Infra Limited (GPIL), GMR Infrastructure Limited (GIL), and GMR Power and Urban Infra Limited (GPUIL) and their respective shareholders has been sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, under Sections 230 to 232 of the Companies Act, 2013, according to a statement.

The board of GMR Infrastructure, along with the board of other group companies GPIL and GPUIL, decided on a composite scheme of arrangement on August 27 last year, which included the demerger of GMR Infrastructure's non-airport business.

Separate listings for the airport and non-airport businesses will also aid in the corporate holding structure's simplification. According to GMR Infrastructure, the vertical split demerger will go a long way toward facilitating a deeper understanding of the airport business on its own, as opposed to other business verticals within the group.

The GMR Group currently operates the Indira Gandhi International Airport in New Delhi and the Rajiv Gandhi International Airport in Hyderabad. It also manages Cebu International Airport in the Philippines.

Its energy business has a diversified portfolio with a total generation capacity of 4,995 MW.

Image Source

The National Company Law Tribunal (NCLT) has approved GMR Infrastructure's restructuring plan involving the demerger of the non-airport business, the company told the media. GMR Infrastructure announced the reorganisation plan on August 27 of last year, to simplify the corporate holding structure and attract sector-specific international investors. The composite scheme of arrangement between GMR Power Infra Limited (GPIL), GMR Infrastructure Limited (GIL), and GMR Power and Urban Infra Limited (GPUIL) and their respective shareholders has been sanctioned by the Hon'ble National Company Law Tribunal, Mumbai Bench, under Sections 230 to 232 of the Companies Act, 2013, according to a statement. The board of GMR Infrastructure, along with the board of other group companies GPIL and GPUIL, decided on a composite scheme of arrangement on August 27 last year, which included the demerger of GMR Infrastructure's non-airport business. Separate listings for the airport and non-airport businesses will also aid in the corporate holding structure's simplification. According to GMR Infrastructure, the vertical split demerger will go a long way toward facilitating a deeper understanding of the airport business on its own, as opposed to other business verticals within the group. The GMR Group currently operates the Indira Gandhi International Airport in New Delhi and the Rajiv Gandhi International Airport in Hyderabad. It also manages Cebu International Airport in the Philippines. Its energy business has a diversified portfolio with a total generation capacity of 4,995 MW. Image Source

Next Story
Infrastructure Energy

MGL, Oil India Ink Pact To Boost LNG And Clean Energy Projects

Mahanagar Gas Limited (MGL), one of India’s leading City Gas Distribution companies, and Oil India Limited (OIL), a Maharatna public sector enterprise with integrated operations across the oil and gas value chain, have signed a Memorandum of Understanding (MoU) on 6 October 2025.The agreement was signed by MGL’s Vice President (BD, BIS, Commercial & STU) and OIL’s Executive Director (BD), in the presence of MGL’s Managing Director, along with OIL’s Director (Operations) and Director (HR).MGL, which has successfully entered the LNG value chain, currently operates LNG retail statio..

Next Story
Infrastructure Urban

KRN Acquires Bus AC Unit Of Sphere Refrigeration Systems

KRN Heat Exchanger and Refrigeration Limited, a leading manufacturer and exporter of aluminium and copper fins, copper tube heat exchangers, water coils, and condenser and evaporator coils, has announced a major step in its expansion journey.Its wholly owned subsidiary, KRN HVAC Products Private Limited, has signed a Business Transfer Agreement (BTA) with Sphere Refrigeration Systems Private Limited (SRSPL) to acquire its Bus Air-Conditioning division.Under the agreement, KRN HVAC will assume control of all operations, assets, and employees associated with SRSPL’s Bus Air-Conditioning busine..

Next Story
Infrastructure Energy

Oil India, MGL Join Hands To Explore Clean Energy Ventures

Oil India Limited (OIL), a Maharatna public sector enterprise with integrated operations across the oil and gas value chain, has signed a Memorandum of Understanding (MoU) with Mahanagar Gas Limited (MGL), one of India’s leading City Gas Distribution companies. The agreement was formalised on 6 October 2025 by senior executives from both organisations, in the presence of OIL’s Director (Operations) and Director (HR) and MGL’s Managing Director.OIL is currently pursuing an extensive hydrocarbon exploration and development programme, with plans to substantially increase gas production and ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?