GMR Airports Raises Rs.80M for Expansion Plans

04 Jan 2024 CW Team

GMR Airports has successfully raised ?80 million in funding from prominent financial institutions, including Standard Chartered, Aditya Birla Fund, and Varde Partners. The infusion of capital is earmarked for the ambitious expansion plans of GMR Airports, a key player in the aviation sector.

This financial boost comes as the aviation industry anticipates a robust recovery, and GMR Airports aims to capitalise on the emerging opportunities. The funds secured from Standard Chartered, Aditya Birla Fund, and Varde Partners will be instrumental in bolstering GMR Airports' strategic initiatives, enhancing infrastructure, and fortifying its market presence.

The investment aligns with the company's vision to further elevate its position in the aviation sector, both domestically and internationally.

This financial collaboration signifies the confidence that leading financial institutions have in GMR Airports' growth trajectory and management prowess.

The strategic partnership is expected to propel GMR Airports towards achieving its expansion goals, contributing to the overall development of the aviation landscape.

Infrastructure Transport

29 Oct 2025

Railways approves major upgrade for Telangana traction lines

The Ministry of Railways has approved the upgradation of the electric traction system in two crucial railway sections — Medchal–Mudkhed (225 km) and Mahbubnagar–Dhone (184 km). The projects, costing Rs 1.93 billion and Rs 1.23 billion respectively, will enhance the electric traction capacity from 1X25 KV to 2X25 KV. The work includes modifications to circuit breakers and switching stations, along with the installation of additional conductors. These routes serve as vital links between Northern and Southern India via Hyderabad. Once completed, the upgraded system will reduce voltage dro..

Adani to invest Rs 425 billion more in Maharashtra’s Dighi Port

The Adani Group has committed to invest an additional Rs 425 billion in the Dighi Port project, located along Maharashtra’s coastal Konkan belt, government officials announced on Monday. Adani Ports and Special Economic Zone (APSEZ)-run Dighi Ports signed a memorandum of understanding (MoU) with the Maharashtra government to undertake the expansion of the port and related infrastructure. This new commitment comes as part of a broader investment initiative by the state. Chief Minister Devendra Fadnavis said the agreement is among 15 MoUs worth over Rs 560 billion signed during the opening d..

HUDCO, JNPA sign Rs 50 billion deal for port development

In a strategic move, the Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) for an investment of Rs 50 billion to revamp and develop port infrastructure. The non-binding agreement is intended to strengthen cooperation on both existing and upcoming infrastructure projects, with a focus on development, financing, and refinancing of port facilities at the Jawaharlal Nehru Port. The MoU was formalised with the signatures of Sanjay Kulshrestha, Chairman and Managing Director of HUDCO, and Unmesh Shar..