GMR Airports Infra Acquires Stake in WAIS

03 May 2024 CW Team

GMR Airports Infrastructure Limited has announced the acquisition of a stake in WAISL for Rs 570 million. This strategic investment underscores GMR's commitment to expanding its presence in the aviation sector and strengthening its portfolio of airport assets.

The acquisition of a stake in WAISL presents significant opportunities for GMR Airports Infra to enhance its operational capabilities and leverage synergies within the aviation industry. This move is in line with GMR's strategic vision of driving sustainable growth and value creation for its stakeholders.

WAISL, with its diverse portfolio and strategic positioning in the aviation sector, aligns well with GMR's expansion objectives. The investment is expected to further bolster GMR's position as a leading player in airport infrastructure development and management.

The Rs 570 million investment underscores GMR's confidence in the long-term growth prospects of the aviation industry in India. It reflects the company's proactive approach to identifying strategic opportunities and capitalising on emerging market trends.

GMR Airports Infra's investment in WAISL is poised to generate value for both companies and contribute to the overall growth and development of the aviation sector. This strategic partnership highlights GMR's commitment to fostering collaboration and innovation in the aviation ecosystem.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..