+
GMR Increases Hyderabad Airport Stake to 74%
AVIATION & AIRPORTS

GMR Increases Hyderabad Airport Stake to 74%

GMR, the infrastructure conglomerate, has boosted its stake in the Hyderabad airport from 63% to 74%. This strategic move solidifies GMR's position as a major player in the aviation sector, emphasizing its commitment to the development and management of key airports.

The increased ownership in the Hyderabad airport aligns with GMR's vision for expanding its presence and influence in the aviation industry. This development is expected to enhance GMR's strategic control over the airport's operations and future development plans.

The move also signifies GMR's confidence in the growth potential of Hyderabad as a significant aviation hub. With the increased stake, GMR aims to leverage its expertise to contribute to the airport's efficiency, services, and overall infrastructure.

This investment reflects GMR's long-term commitment to the aviation sector and mirrors its dedication to providing world-class facilities for passengers and airlines. The elevation of ownership to 74% marks a milestone in GMR's journey as a key player in shaping the landscape of airport infrastructure and operations in India.

GMR, the infrastructure conglomerate, has boosted its stake in the Hyderabad airport from 63% to 74%. This strategic move solidifies GMR's position as a major player in the aviation sector, emphasizing its commitment to the development and management of key airports. The increased ownership in the Hyderabad airport aligns with GMR's vision for expanding its presence and influence in the aviation industry. This development is expected to enhance GMR's strategic control over the airport's operations and future development plans. The move also signifies GMR's confidence in the growth potential of Hyderabad as a significant aviation hub. With the increased stake, GMR aims to leverage its expertise to contribute to the airport's efficiency, services, and overall infrastructure. This investment reflects GMR's long-term commitment to the aviation sector and mirrors its dedication to providing world-class facilities for passengers and airlines. The elevation of ownership to 74% marks a milestone in GMR's journey as a key player in shaping the landscape of airport infrastructure and operations in India.

Next Story
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?