GMR Increases Hyderabad Airport Stake to 74%
AVIATION & AIRPORTS

GMR Increases Hyderabad Airport Stake to 74%

GMR, the infrastructure conglomerate, has boosted its stake in the Hyderabad airport from 63% to 74%. This strategic move solidifies GMR's position as a major player in the aviation sector, emphasizing its commitment to the development and management of key airports.

The increased ownership in the Hyderabad airport aligns with GMR's vision for expanding its presence and influence in the aviation industry. This development is expected to enhance GMR's strategic control over the airport's operations and future development plans.

The move also signifies GMR's confidence in the growth potential of Hyderabad as a significant aviation hub. With the increased stake, GMR aims to leverage its expertise to contribute to the airport's efficiency, services, and overall infrastructure.

This investment reflects GMR's long-term commitment to the aviation sector and mirrors its dedication to providing world-class facilities for passengers and airlines. The elevation of ownership to 74% marks a milestone in GMR's journey as a key player in shaping the landscape of airport infrastructure and operations in India.

GMR, the infrastructure conglomerate, has boosted its stake in the Hyderabad airport from 63% to 74%. This strategic move solidifies GMR's position as a major player in the aviation sector, emphasizing its commitment to the development and management of key airports. The increased ownership in the Hyderabad airport aligns with GMR's vision for expanding its presence and influence in the aviation industry. This development is expected to enhance GMR's strategic control over the airport's operations and future development plans. The move also signifies GMR's confidence in the growth potential of Hyderabad as a significant aviation hub. With the increased stake, GMR aims to leverage its expertise to contribute to the airport's efficiency, services, and overall infrastructure. This investment reflects GMR's long-term commitment to the aviation sector and mirrors its dedication to providing world-class facilities for passengers and airlines. The elevation of ownership to 74% marks a milestone in GMR's journey as a key player in shaping the landscape of airport infrastructure and operations in India.

Next Story
Products

Viva ACP Launches FR A1-Rated Honeycomb Panels for Fire Safety

Viva, Asia’s largest manufacturer and supplier of aluminium composite panels (ACP) introduced its FR A1-rated Honeycomb Panels, setting a new industry benchmark for fire safety and architectural excellence. Engineered to deliver exceptional performance, these panels combine advanced fire-resistance technology with aesthetic versatility, offering a revolutionary solution for safety-critical environments.The FR A1 rating represents the highest standard of fire resistance under the European Standard EN 13501-1, signifying non-combustibility and zero contribution to fire, smoke, or toxic emissio..

Next Story
Real Estate

Almal Real Estate Expands into Commercial, Global Markets

Almal Real Estate Development is soon to announce its upcoming expansion into new verticals and international markets as part of its strategic growth plans for 2030. The company, known for its innovative luxury residential and hospitality developments, is preparing to diversify into the commercial sector with the introduction of The Smart Space, a network of business centers in UAE featuring five-star amenities. Additionally, Almal is entering new markets in Bali and Thailand as a community developer, focusing on villa and townhouse projects.The expansion into the commercial real estate sector..

Next Story
Infrastructure Urban

NABARD Approves Rs 9.03 Billion for 127 Projects in Himachal

The Himachal Pradesh government has secured approval from the National Bank for Agriculture and Rural Development (NABARD) for 127 projects worth Rs 9.03 billion for the 2024-25 fiscal, Chief Minister Sukhvinder Singh Sukhu announced. During a meeting with MLAs from Kangra, Kullu, Kinnaur, Solan, Chamba, Bilaspur, and Lahaul-Spiti districts to discuss priorities for the 2025-26 budget, Sukhu said the approved projects include 50 MLA-priority schemes under the Public Works Department, valued at Rs 4.12 billion, and 23 MLA-priority schemes under the Jal Shakti Vibhag, costing Rs 1.79 billio..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?