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.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

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
Infrastructure Urban

Zydus Ties Up With Synthon for MS Drug in US

Zydus Lifesciences Ltd announced on Thursday that its subsidiary has signed an exclusive licensing and supply agreement with Netherlands-based Synthon BV to introduce a generic version of Ozanimod capsules in the United States for the treatment of relapsing forms of multiple sclerosis (MS).The drug is the generic equivalent of ZEPOSIA, a therapy used in managing various relapsing MS conditions. The agreement was disclosed through a regulatory filing.As per the arrangement, Synthon BV will take on the responsibility for securing final regulatory approval from the US Food and Drug Administration..

Next Story
Infrastructure Urban

DP World’s Rs 208bn Global Infra Push Creates 5,000 Jobs

DP World is set to invest USD 2.5 billion (approximately Rs 208 billion) in 2025 to develop end-to-end logistics infrastructure globally, generating nearly 5,000 new construction jobs across key international markets. The move underlines the company’s expansive strategy to transform trade corridors while boosting local economies through job creation.The international supply chain giant, which already employs over 100,000 people globally, is rolling out infrastructure upgrades in India, the United Kingdom, Ecuador, Senegal, and the Democratic Republic of Congo (DRC). These projects are expect..

Next Story
Infrastructure Urban

SPV Formed to Lead Amaravati Infra Push

At the 52nd meeting of the Andhra Pradesh Capital Region Development Authority (APCRDA), held at the Chief Minister’s Camp Office on Tuesday, Chief Minister N. Chandrababu Naidu approved the formation of a Special Purpose Vehicle (SPV) to steer major infrastructure projects across Capital Amaravati.The SPV will take charge of designing, executing, and generating revenue from several landmark initiatives, including a greenfield airport, NTR statue, smart industries, iconic bridge, Sports City, riverfront development, ropeway, and the Inner Ring Road.Naidu also proposed that the Bio Design Pro..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?