Spreading wings
AVIATION & AIRPORTS

Spreading wings

It's definitely not a case of once bitten twice shy for GMR Infrastructure, led by GM Rao, Chairman and Managing Director. The company, even after its disappointment of the Male airport project, is exploring an option to bid for a $400-million airport upgradation project in the Philippines. As a part of this, the company has formed a 51:49 JV with a publicly held company - Megawide Construction Corp. The Mactan-Cebu International Airport currently has a capacity to manage around 6 million passengers annually and its upgradation is expected to raise this capacity substantially higher. The company's bid for this project comes a few months after it was unceremoniously asked to give up on a $500-million airport upgradation project at Male over alleged irregularities during bidding. The matter is under arbitration in Singapore and GMR is supposedly claiming $800 million as compensation. Whatever the final verdict on this, it has certainly not dissuaded GMR from spreading its wings. Way to go!

It's definitely not a case of once bitten twice shy for GMR Infrastructure, led by GM Rao, Chairman and Managing Director. The company, even after its disappointment of the Male airport project, is exploring an option to bid for a $400-million airport upgradation project in the Philippines. As a part of this, the company has formed a 51:49 JV with a publicly held company - Megawide Construction Corp. The Mactan-Cebu International Airport currently has a capacity to manage around 6 million passengers annually and its upgradation is expected to raise this capacity substantially higher. The company's bid for this project comes a few months after it was unceremoniously asked to give up on a $500-million airport upgradation project at Male over alleged irregularities during bidding. The matter is under arbitration in Singapore and GMR is supposedly claiming $800 million as compensation. Whatever the final verdict on this, it has certainly not dissuaded GMR from spreading its wings. Way to go!

Next Story
Resources

KEC International bags Rs 10.34 billion in new orders

"KEC International Ltd, a global infrastructure EPC major and part of the RPG Group, has secured new orders worth Rs 10.34 billion across its Transmission & Distribution (T&D), Civil, and Cables businesses. In the T&D segment, the company has received its first-ever STATCOM project from a global OEM in India, along with orders for the supply of towers, hardware, and poles in the Americas. The civil business has marked a key milestone by entering the semiconductor space, bagging a contract to establish a semiconductor plant for a major private player. It has also won a repeat order ..

Next Story
Products

Viva launches 3D louvres for next-gen façade design

Viva, Asia’s largest manufacturer of aluminium composite panels (ACP), has introduced its advanced 3D louvres, offering a blend of architectural innovation and practical performance. Designed to enhance the aesthetics and efficiency of building facades, these louvres aim to set a new benchmark for the industry.The newly launched 3D louvres are engineered to add visual depth and dynamic appeal to both residential and commercial structures. Combining durability, ease of installation, and low maintenance, the product is tailored for contemporary design needs.“The 3D louvre range is a natural ..

Next Story
Infrastructure Urban

JustDeliveries raises Rs 5.5 crore to expand intracity cold chain network

JustDeliveries, a cold chain logistics startup focused on mid-mile solutions for India’s food and beverage sector, has raised Rs 5.5 crore in a funding round co-led by VC Grid and NABVentures. Other participants included LetsVenture, Anay Ventures, and FAAD Network.This fresh round brings the total capital raised by the startup to US$ 2 million (approximately Rs 15.9 crore). The funds will be used to strengthen its technology platform and expand operations to three more cities, including Lucknow and Chennai. JustDeliveries currently operates in Bangalore, Delhi, Hyderabad, Mumbai, and Pune.F..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?