SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GMR Infrastructure’s Singapore subsidiary achieves financial closure

15 Jul 2011 Evaluate

GMR Infrastructure’s subsidiary - GMR Energy (Singapore) has achieved financial closure on its flagship 800 MW combined cycle project at Jurong Island, Singapore. The financing package comprises S$670million of a term loan facility and a $270million credit and working capital facility with a tenor of 17 years.

This power facility is GMR's first independent power project (IPP) outside of India. At a development cost of over Singapore $1 billion, it is one of the single largest investments made by an Indian company in Singapore. The power facilities, featuring Siemens' latest F-class gas turbines, will be designed and constructed by a Siemens/Samsung Consortium. Fueled by re gasified LNG, the power plant is scheduled for commercial operation in 2013.

Six International Banks namely Axis Bank, ClMB Bank Berhad, KfW IPEX-Bank Gmbh, National Australia Bank, Standard Chartered Bank and WestLB AG acted as mandated lead arrangers to the transaction. Norton Rose (Asia) LLP and Lee & Lee Advocates & Solicitors acted as legal advisers to the lenders while White & Case and Rajah & Tann LLP provided legal advice to the sponsor.

GMR infrastructure’s business activities involve development of various infrastructure projects in power, airport and SEZ segments.

GMR Airports Share Price

96.87 0.11 (0.11%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 85.30
GMR Airports 96.87
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×