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 Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..