GMR Airports seeks Rs 50 bn expansion funds
AVIATION & AIRPORTS

GMR Airports seeks Rs 50 bn expansion funds

GMR Airports Infrastructure Ltd announced its intention to raise funds amounting to Rs 50 billion in a board meeting scheduled for August 14. The meeting will also address the release of the company's unaudited financial results for the quarter ending in June. The decision, as per a regulatory filing, involves exploring options to secure the funds in one or more instalments. 

This could be achieved through the issuance of securities, including Qualified Institutions Placement, Foreign Currency Convertible Bonds, or other relevant securities. However, the proposal is contingent upon the endorsement of shareholders and compliance with relevant legal regulations.

GMR Group, renowned for operating major airports like those in Delhi, Hyderabad, and Goa, seeks to leverage these funds for its operations and expansion initiatives. In light of this development, the company's shares on the Bombay Stock Exchange witnessed a marginal increase of over 1%, reaching a closing value of Rs 52.11 apiece. The move to secure substantial funds reflects GMR's strategic approach to fortify its financial position and potentially fuel its growth trajectory.

GMR Airports Infrastructure Ltd announced its intention to raise funds amounting to Rs 50 billion in a board meeting scheduled for August 14. The meeting will also address the release of the company's unaudited financial results for the quarter ending in June. The decision, as per a regulatory filing, involves exploring options to secure the funds in one or more instalments. This could be achieved through the issuance of securities, including Qualified Institutions Placement, Foreign Currency Convertible Bonds, or other relevant securities. However, the proposal is contingent upon the endorsement of shareholders and compliance with relevant legal regulations.GMR Group, renowned for operating major airports like those in Delhi, Hyderabad, and Goa, seeks to leverage these funds for its operations and expansion initiatives. In light of this development, the company's shares on the Bombay Stock Exchange witnessed a marginal increase of over 1%, reaching a closing value of Rs 52.11 apiece. The move to secure substantial funds reflects GMR's strategic approach to fortify its financial position and potentially fuel its growth trajectory.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?