GMR Raises Rs 32.15 Bn for Vizag Airport

20 Dec 2023 CW Team

GMR Group has successfully raised Rs 32.15 billion in funds for the development and enhancement of Vizag International Airport. This significant financial influx is aimed at strengthening the airport's infrastructure and expanding its capabilities to meet the growing demands of air travel in the region.

The funds were raised through a combination of debt and equity, reflecting the confidence of investors in the potential and strategic importance of Vizag International Airport. The infusion of capital is expected to accelerate the ongoing projects and facilitate the implementation of modern amenities, technology upgrades, and overall improvements to enhance the passenger experience.

Vizag International Airport is a key hub in the region, and the financial injection by GMR underlines its commitment to advancing the aviation infrastructure in Andhra Pradesh. The development aligns with the broader vision of creating world-class airport facilities to support economic growth, tourism, and connectivity.

The successful mobilisation of funds positions Vizag International Airport for comprehensive development and ensures its readiness to handle increased passenger traffic and emerging trends in the aviation industry. This strategic move by GMR Group reflects the ongoing efforts to fortify India's aviation infrastructure and contribute to the nation's economic progress.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..