GMR Group actively seeking Greek investments

04 Sep 2023 CW Team

According to a statement from Srinivas Bommidala, Business Chairman for energy and international airports at GMR Group, participated in a business leaders luncheon hosted by the Greek Prime Minister during the visit.

The company revealed, "GMR Group is currently engaged in the development of a greenfield airport in Crete, Greece, in partnership with GEK TERNA. The Group is actively exploring fresh investment opportunities in Greece, as it serves as a crucial entry point to Europe for Indians."

Bommidala highlighted Greece's strong commitment to foreign investors, particularly those from India. He praised the Greek government's proactive stance and unwavering dedication to fostering foreign investments, noting the significant impact of these efforts.

Bommidala expressed the company's enthusiasm for exploring investment prospects in Greece, with a particular focus on Kalamata Airport. He also provided an update on the progress at Heraklion Airport in Crete, indicating that construction had reached approximately 25% completion, in line with the project's schedule. Ongoing activities encompassed the concreting of the terminal building, development of external access roads, and construction of the runway and taxiway.

Additionally, Bommidala commended the joint ambition of India and Greece to double bilateral trade by 2030. He emphasised that enhanced connectivity between the two nations would undoubtedly drive mutual GDP growth and create a multitude of business opportunities.

Also read:
Real estate loans soar, reflecting strong demand
Table Space to expand with Rs 10 billion investment

The GMR Group, the operator of Delhi, Hyderabad, and Mopa airports, announced that it is actively seeking new investment opportunities in Greece. This decision came in light of its ongoing collaboration with GEK TERNA to develop a greenfield airport in Greece. The group's announcement followed the recent visit of Prime Minister Narendra Modi to Greece, which marked the first visit by an Indian Prime Minister to the European nation in 40 years. According to a statement from Srinivas Bommidala, Business Chairman for energy and international airports at GMR Group, participated in a business leaders luncheon hosted by the Greek Prime Minister during the visit. The company revealed, GMR Group is currently engaged in the development of a greenfield airport in Crete, Greece, in partnership with GEK TERNA. The Group is actively exploring fresh investment opportunities in Greece, as it serves as a crucial entry point to Europe for Indians. Bommidala highlighted Greece's strong commitment to foreign investors, particularly those from India. He praised the Greek government's proactive stance and unwavering dedication to fostering foreign investments, noting the significant impact of these efforts. Bommidala expressed the company's enthusiasm for exploring investment prospects in Greece, with a particular focus on Kalamata Airport. He also provided an update on the progress at Heraklion Airport in Crete, indicating that construction had reached approximately 25% completion, in line with the project's schedule. Ongoing activities encompassed the concreting of the terminal building, development of external access roads, and construction of the runway and taxiway. Additionally, Bommidala commended the joint ambition of India and Greece to double bilateral trade by 2030. He emphasised that enhanced connectivity between the two nations would undoubtedly drive mutual GDP growth and create a multitude of business opportunities. Also read: Real estate loans soar, reflecting strong demand Table Space to expand with Rs 10 billion investment

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Building Material

07 Oct 2025

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Infrastructure Energy

07 Oct 2025

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..