NIIF to invest Rs 6.31 bn in GMR’s Mopa, Goa airport

08 Dec 2022 CW Team

The National Investment and Infrastructure Fund (NIIF) will invest Rs 6.31 billion in upcoming greenfield airport at Mopa in north Goa, being built by GMR Airports Ltd (GAL), the airport business holding entity of GMR Airports Infrastructure.

The two entities announced a financial partnership for NIIF to invest in the equity capital of three airport projects. These include the greenfield international airports at Mopa and Bhogapuram in Andhra Pradesh.

The agreement envisages NIIF making a primary investment of Rs 6.31 billion in the form of Compulsory Convertible Debentures (CCD) in GMR Goa International Airport Ltd (GGIAL), a special purpose vehicle to run and operate the new Goa Airport. The transaction is subject to customary completion conditions and approvals.

This will be NIIF's first investment in an airport asset in the country and its first direct investment in the state of Goa.

GGIAL, in 2016, was awarded the concession to develop and operate a second airport in Goa on a design, build, finance, operate and transfer (DBFOT) basis. Mopa airport has already received its aerodrome license and upon commissioning, will form part of the first dual-airport system in India alongside Dabolim airport.

GMR Airports is the largest private airport operator in Asia and second largest in the world. It has Groupe ADP as its strategic partner with a 49% stake. In India, GMR operates the Delhi and Hyderabad Airports.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..