Breaking News

You are here » Indian-Commodity  :  Investment  :  GMR Infra's arm emerges as highest bidder for Greenfield Airport in Andhra Pradesh


GMR Infra's arm emerges as highest bidder for Greenfield Airport in Andhra Pradesh

GMR Infrastructure's subsidiary -- GMR Airports (GAL) has emerged as the highest bidder for the Development, Operations and Management of Greenfield International Airport at Bhogapuram in the state of Andhra Pradesh (AP) on a PPP basis.

Andhra Pradesh Airports Development Corporation (APADCL) had initiated the RFP process for new airport at Bhogapuram in November 2018. The project involves design, build, finance, construction, development, up-gradation, modernization, operation and maintenance of the Bhogapuram airport for a period of 40 years. As part of the qualification process, APADCL had shortlisted seven applicants namely GMR Group, GVK, Dolt Infra, I-Investment, NIIF, Essel and Reliance Infra. However only GMR Group, GVK and Dolt Infra submitted their financial bids.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

Related News

View all news

Hulst B.V. acquires over 4 lakh shares of NIIT Technologies

Hulst B.V. has acquired 463,219 equity shares (with face value of Rs 10 each) of NIIT Technologies, on May 10, 2019.NIIT Technologies is a leading global IT solutions organization servicing customers across......

Cox & Kings enters into strategic tie-up with RCI

Cox & Kings (India) has entered into a strategic tie-up with RCI, the global leader in vacation exchange and part of the Wyndham Destinations, to facilitate ancillary travel services for their......

UPL invests Rs 9.24 crore in Allfresh Supply Management

UPL has invested Rs 9.24 crore in Allfresh Supply Management constituting 26.75% (on fully diluted basis) in the paid-up share capital of Allfresh.Allfresh is engaged in procuring and supplying fresh produce......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......