GMR signed stakeholders agreement for developing Medan Airport

28 Jan 2022 CW Team

GMR Group told the media that it had signed a stakeholders agreement with Indonesia's Angkasa Pura II for developing the Medan Airport.

GMR Airports has won the tender for the potential brownfield airport through the international competitive bidding process.

It received the letter of award for the airport project on 23 November.

Medan in Indonesia is an operating airport with healthy cash flow, which handled over 10 million passengers in 2018.

GMR Airports has signed the stakeholders' agreement and share subscription agreement (SSA) with Angkasa Pura II (APII) for the development and operations of Kualanamu International Airport in Medan.

Chairman of Energy and International Airport, GMR Group, Srinivas Bommadala, said that this partnership would support the Indian government's policy to Look East. The company aspires to transform the airport into a western international hub of Indonesia and contribute towards the overall development of the country.

The aviation project work includes operation, development and expansion of the airport over 25 years and transforming the Kualanamu International Airport into the Western International hub of Indonesia.

GMR Airports and GMR Airports Limited participated as a consortium for the bidding process.

Image Source

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..