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

29 Dec 2021 CW Team

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

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..