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GMR INFRASTRUCTURE: Quick Project Execution to Spur Earnings Growth |
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Economic Times | New Delhi | 18 August 2011
After a rough patch, GMR Infra seems to have reached a point where most of its projects, air-ports as well as roads, are be-coming incrementally profit-able, enabling it to post better-than-expected results for the first quarter of FY12.
GMR Infra's losses reduced to Rs.67 crore from Rs.71 crore in the March quarte |
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Fly from Hyderabad initiative |
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Business Line | New Delhi | 28 July 2011
The GMR-operated Hyderabad International Airport Limited (GHIAL) has launched an initiative to attract passengers from nearly 20 cities to travel to and from Hyderabad in the bid to increase the traffic passing through the |
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GMR Airport, South Korea firm sign deal |
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Business Standard | New Delhi | 20 July 2011
GMR Airports Holding Ltd on Tuesday signed a sister airport agreement with Incheon International Airport Corporation (IIAC), South Korea. The sister airport agreement concept outlines the process for progressive airports to share technical, commercial and environmental....
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GMR Ties Up Funds for S'Pore Power Project |
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Economic Times | Bangalore | 16 July 2011
GMR Energy (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has tied up funds for its 800 mw combined cycle project at Jurong Island, Singapore.
Six International Banks such as Axis Bank Ltd, CIMB Bank Berhad, KFW IPEX-Bank Gmbh, National Australia Bank Limited, Standard Chartered Bank and WestLB AG acted as lead arrangers to the transaction...
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Dreamliner makes India debut, lands at IGI airport |
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Pioneer | New Delhi | 14 July 2011
The Boeing 787 Dreamliner, 1 one of the lightest and most fuel-efficient aircraft, made its maiden landing in India at the Delhi's Indira Gandhi International Airport on Wednesday. The Boeing 787 arrived from Japan around 1030 am and will remain stationed at Terminal-3 of the IGI Airport till Saturday morning before leaving for Mumbai. The jumbo aircraft, capable of carrying around 250-300 passengers on direct journey up to 15,000 km, was given a water canon salute by private airport operator DIAL on its arrival to the nat |
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GMR, Schulich plan B-school in Hyderabad |
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Financial Chronicle | New Delhi | 12 July 2011
GMR WILL set up a business school together with Canada-based Schulich School of Business.
The premises will come up in the vicinity of Hyderabad international airport in 35-acre area. The GMR Foundation, the CSR arm of the GMR, will provide land and physical infrastructure. Schulich will invest about Rs 100 crore over a few years, mainly for faculty and research, according to V Raghunath, chief executive of GMR Foundat |
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4 private equity funds invest $131 million in GMR Airports |
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Mint | New Delhi | 7 July 2011
Four private equity (PE) funds have invested $131 million (around ^585 crore) in GMR Infrastructure Ltd's subsidiary GMR Airports Holding Ltd.
The investment by Standard Chartered Pvt. Equity (Mauritius) III Ltd, JM Financial-Old Lane India Corporate Opportunities Fund I Ltd, Build India Capital Advisors Lip and JM Financial Trustee Co. Pvt. Ltd has been made in the form of compulsorily convertible preference shares in GMR Airports, GMR Infrastructure said on Wednesday in a statement to the Bombay Stock Exchange (BSE).
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Delhi Duty Free looks to beautify travellers |
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Business Line | New Delhi | 18 June 2011
After fashion and lifestyle retail, Delhi Duty Free Services (DDFS) is testing the waters with skincare and personal care products. The company, which has collaborated with at least five international cosmetic brands, has said it is looking to capture a slice of the travel retail market with its experiential promotions.
According to Mr. Abhijit Das, Head - Marketing, DDF, said, "Cosmetics as a range are popular internationally at duty-frees. Make-up and skincare is one of the most promising categories for D |
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Park-and-fly facility at IGI airport |
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Times of India | New Delhi | 1 June 2011
Passengers flying out of IGI airport will now have the option of driving up to the termi¬nal in their private vehicles and leaving them in Terminal-3's mul¬tilevel car parking for as long as they are out of town. Delhi Inter¬national Airport (P) Ltd (DIAL) is offering the facility of park and fly to passengers and will charge them 45 % less than normal rates.
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DIAL all set to provide green cover to airport's Northern Access Road |
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Hindustan Times | New Delhi | 10 May 2011
Passengers taking the northern access road to Delhi airport's Terminal 3 will now receive a green welcome.
The northern access road, opened to public a few months ago, provides a shorter and smoother direct link between the domestic terminals of the airport to T3. The 1.3-km long road includes a 360metre-long tunnel beneath the runway 28.
The private airport operator Delhi International Airport Ltd (DIAL) is now planning to beautify and landscape the area along the road Work on the landscaping is scheduled to be compl |
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