Search Result for : Gmr

The Dollar Business Bureau The GMR Goa International Airport Limited, an SPV formed by the GMR Airports Limited has won a project to develop and operate a Greenfield International Airport at Mopa, in North Goa. A signed Concession Agreement with the Government of Goa for development and operation of the same was arrived at on 8th November 2016. The project was won by GMR Airports Limited through international competitive bidding process with highest revenue share of 36.99%. The model based on the public-private-partnership is based on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The project will operate in a hybrid mode till model with 30% cross subsidy, and will be implemented in four phases. The total estimated cost of Phase I of the project is ...

The Dollar Business Bureau Kakinada SEZ Ltd. (KSEZ), a subsidiary of GMR Infrastructure Limited (GIL) has signed a series of MoUs with firms interested in setting up of manufacturing units in Kakinada SEZ during the CII Partnership Summit 2017 held on January 27 and 28 at Visakhapatnam, AP. GMR Group is developing a world-class Industrial Zone – Kakinada SEZ, spread over 8500 acres and an all-weather, multi-cargo, deep water port, with an estimated phase 1 capacity of 16 million tonnes. Kakinada is often referred to as the “Houston of India” owing to the existence of Hydro-Carbon reserves and the Oil & Gas infrastructure. Acknowledging the advantage of Kakinada SEZ which is the largest industrial area with port connectivity in this region, Indian Oil & ...

PTI A Singaporean arbitration tribunal has ordered the Maldivian government to pay approximately $250 mn in compensation to Indian company GMR over termination of contract to run Ibrahim Nasir International Airport (INIA). Singapore International Arbitration Centre has ruled that the Maldivian government should pay $208mn in damages to GMR Group and after adding the interest it should pay a total of approximately $250mn, Maldives Attorney General Mohamed Anil was quoted as saying by the Sun Online. In a press conference held at President's Office today, Anil said that the tribunal had made its decision and released its report on October 25. The report was shared with Maldivian government last night, he said. GMR had asked for $1.4 bn in compensation. The ...

The Dollar Business Bureau GMR, a major player in the infrastructure sector on Sunday, announced its plans to build a liquefied natural gas terminal at Kakinada sea port in Andhra Pradesh. The project could be worth Rs.471 crore. The minutes of the meeting released by the EAC (Expert Appraisal Committee acting under the Ministry of Environment and Forests) says, “the project envisages a start-up capacity of 1.75 million tonnes per annum (MTPA) which comprises of captive use by GMR Energy Limited to the tune of 0.85 MTPA, with the balance for domestic piped and non-piped users within a radius of 450km.” According to the release, the facility has:  all the necessary services or equipments for ship mooring and berthing, liquefied natural gas unloading ...

The Dollar Business Bureau GMR Hyderabad International Airport (P) Ltd (GHIAL) welcomes the largest cargo aircraft in the world, the Antonov AN-225 Mriya, on Wednesday, the company said in a statement. Having almost 240 world records in its name, the aircraft with huge body is propelled by six turbofan engines and is the heaviest and longest airplane ever made. The aircraft can lift a takeoff weight of 640 metric tonnes, it said. GHIAL or Rajiv Gandhi International Airport was selected over other airports in India for the landing of AN 225 Myria or the Dream, because of the airport’s technical prowess based on various factors including runway length, technical facilities, ground maneuvering area, air traffic density and closeness to the transcontinental air route. The ...

The Dollar Business Bureau The clean fuel used in the plant will make the power generation eco-friendly   GMR Rajahmundry Energy Ltd. (GREL), a subsidiary of GMR Energy Ltd., on Friday announced that it has successfully started commercial operation of its 768-MW gas-based power plant in Rajahmundry, Andhra Pradesh. “The commercial operation of the power plant commenced with the beginning of gas supply under e-bid RLNG Scheme (“Scheme for utilisation of stranded gas based power plants”), which was launched by the government of India in March, 2015,” GMR Infrastructure Ltd. said in a statement. With the e-bid RLNG (Regasified Liquefied Natural Gas) Scheme, the 768-MW power plant can now operate at 50% Plant Load Factor (PLF). The unit can generate up to ...

Bidhu Bhushan Palo | @TheDollarBiz Former Air Chief Marshal S. Krishnaswamy (Speaking at the conference); Dr. G. Satheesh Reddy, Outstanding Scientist and Director, Research Centre Imarat, Defence Research and Development Organisation (DRDO) (seated)   Questions pop up faster than answers when it comes to manufacturing in defence and aerospace in India. However, one theme that brought together all the participants at International Conference and Exhibition on Defence and Aerospace Technologies which concluded in Hyderabad, India yesterday was: “We mean business”. The message was clear even from former Air Chief Marshal (Rtd.) S. Krishnaswamy. Speaking about concerns on national security due to FDI in defence, he told The Dollar Business, “FDI will strengthen India’s defence sector. Indian defence forces are capable of building ...