GMR Infrastructure’s arm receives LoA from MIHAN

GMR Infrastructure’s subsidiary — GMR Airports (GAL) has received the formal Letter of Award (LoA) from MIHAN India, the Concessioning Authority for the Nagpur Airport, towards the Development, Operations and Management of Dr. Babasaheb Ambedkar International Airport, Nagpur, at a revenue share of 14.49% of gross revenues. GMR Infrastructure is engaged in generation of power, … Read more

GMR Infra’s arm divests 100% stake in APFTAL

GMR Infrastructure’s (GIL) subsidiary — GMR Hyderabad International Airport (GHIAL) has divested its 100% stake in its subsidiary namely Asia Pacific Flight Training Academy (APFTAL) to a third party, for a token consideration. APFTAL is engaged in the business of providing flight training. Consequent to the above divestment, APFTAL has ceased to be a subsidiary … Read more