GMR Infra shares surge 1.13% after winning Indonesia airport bid

25 Nov 2021 CW Team

In a message for GMR Airports Consortium Team, Angkasa Pura 2 (AP2), the state-owned enterprise and the bidding authority for the Medan Airport have notified that they have done the best and final evaluation process for the strategic partnership selection for the Medan Airport and have declared GMR Airports as the winning bidder.

GMR Airports and its wholly-owned subsidiary, GMR Airports International B.V, had offered the project as a consortium.

Medan is the fourth-largest urban region in the nation and is the capital of North Sumatra province. For this project, GMR Infrastructure will enter into a 49:51 partnership with AP2. The consortium will modify Kualanamu International Airport into the Western International hub of Indonesia.

The airport managed over 10 million passengers in 2018. The project scope comprises the operation, enhancement and enlargement of the airport over 25 years. Kualanamu International Airport is a working Airport with good cash flows. GMR Airports won the proposal for this high increase potential brownfield Airport, via a closely contested international competitive tender process and would partner with Angkasa Pura 2 (AP2). The letter of award is likely to be released in the coming few days, post-bid formalities while signing project deals before the end of the year.

On a consolidated basis, GMR Infrastructure registered a net loss of Rs 169.21 crore in Q2 September 2021 compared to a net loss of Rs 750.03 crore in Q2 September last year. Net sales grew 49.4% to Rs 1,791.32 crore in Q2 September this year compared to Q2 September 2020.

GMR Infrastructure is a prominent global infrastructure conglomerate with interests in energy, airport, transportation and urban infrastructure.

Image Source

Also read: GMR Infrastructure records net consolidated loss of Rs 169.21 cr in Q2

Shares of GMR Infrastructure surged 1.13% to Rs 40.25 after its subsidiary GMR Airports (GAL), was declared the leading bidder for the development and operation of Kualanamu International Airport in Medan, Indonesia. In a message for GMR Airports Consortium Team, Angkasa Pura 2 (AP2), the state-owned enterprise and the bidding authority for the Medan Airport have notified that they have done the best and final evaluation process for the strategic partnership selection for the Medan Airport and have declared GMR Airports as the winning bidder. GMR Airports and its wholly-owned subsidiary, GMR Airports International B.V, had offered the project as a consortium. Medan is the fourth-largest urban region in the nation and is the capital of North Sumatra province. For this project, GMR Infrastructure will enter into a 49:51 partnership with AP2. The consortium will modify Kualanamu International Airport into the Western International hub of Indonesia. The airport managed over 10 million passengers in 2018. The project scope comprises the operation, enhancement and enlargement of the airport over 25 years. Kualanamu International Airport is a working Airport with good cash flows. GMR Airports won the proposal for this high increase potential brownfield Airport, via a closely contested international competitive tender process and would partner with Angkasa Pura 2 (AP2). The letter of award is likely to be released in the coming few days, post-bid formalities while signing project deals before the end of the year. On a consolidated basis, GMR Infrastructure registered a net loss of Rs 169.21 crore in Q2 September 2021 compared to a net loss of Rs 750.03 crore in Q2 September last year. Net sales grew 49.4% to Rs 1,791.32 crore in Q2 September this year compared to Q2 September 2020. GMR Infrastructure is a prominent global infrastructure conglomerate with interests in energy, airport, transportation and urban infrastructure. Image Source Also read: GMR Infrastructure records net consolidated loss of Rs 169.21 cr in Q2

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..