GMR Airports raises Rs 1,110 cr from JPMorgan and Morgan Stanley

30 Sep 2022 CW Team

GMR Airports has raised Rs 1,110 crore from JPMorgan Securities and Morgan Stanley India Primary Dealer to make timely payments on bonds due on September 24. GMR Airports had an Rs 1,330-crore payment due on September 24 to DB International, Standard Chartered Bank and Aditya Birla Special Situation Fund. It raised two-year bonds at 12.13% through private placement of bonds on September 22 to repay the trio.

GMR Airports, which operates Delhi and Hyderabad airports, paid entire dues to DB International and Aditya Birla Capital, but part payment was made to Standard Chartered Bank. On September 22, it raised Rs 795 crore from JP Morgan Securities and Rs 315 crore from Morgan Stanley India Primary Dealer through private placement of bonds, the people said.

Financial covenants of the bond documents stipulate that the indebtedness of Delhi International Airport (DIAL) cannot exceed $1.94 billion and that of GMR Hyderabad International Airport (GHIAL) cannot exceed $1.75 billion until the new bonds are redeemed. It also stated that any new financial indebtedness should be aimed only for capital expenditure of DIAL and GHIAL.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..