Honey Flower Estate, Namitha Real Estate turn into GMR’s infra subsidiaries

GMR Infrastructure has reported that Honey Flower Estate and Namitha Real Estate have become subsidiaries of the company in accordance with the provisions of the Companies Act, 2013.

The company net consolidated profit has doubled to Rs 1,170 crore in the quarter ended March from Rs 579 crore a year ago, helped by income from its stake sale in Istanbul's Sabiha Gokcen international airport

GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets.