GMR Increases Hyderabad Airport Stake to 74%

30 Jan 2024 CW Team

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.

Infrastructure Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..