GMR Airports seeks Rs 50 bn expansion funds

10 Aug 2023 CW Team

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.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..