GMR Airports Infrastructure Ltd

Summary

GMR Infrastructure Ltd is the infrastructure holding company formed to fund the capital requirements of various infrastructure projects across the sectors. The company undertakes the development of the infrastructure projects through their various subsidiaries. The company is engaged in development of various infrastructure projects in power and transportation sectors through several special purpose vehicles.The company, through subsidiaries, operates in four business sectors, namely energy, airports, highways and urban infrastructure. Their segments are Airports, which is engaged in development and operation of airports; Power, which is involved in generation of power and provision of related services, and exploration and mining activities; Roads, which is engaged in development and operation of roadways; EPC, which is engaged handling of engineering, procurement and construction solution in infrastructure sector, and Others, which includes urban infrastructure and other residual activities. GMR Infrastructure Ltd was originally incorporated on May 10, 1996 as a public limited company with the name Varalakshmi Vasavi Power Projects Ltd in the State of Andhra Pradesh. On May 23, 1996, the company received their certificate of commencement of business. In September 1996, they signed power purchase agreement for Chennai Power Plant. In December 1997, they signed Power Purchase Agreement for Mangalore Power Plant. In December 1998, they started commercial operation of first... Read More