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GMR Infrastructure rises as its arm wins North Goa’s Greenfield Mopa Airport

29 Aug 2016 Evaluate

GMR Infrastructure is currently trading at Rs. 13.62, up by 0.53 points or 4.05% from its previous closing of Rs. 13.09 on the BSE.

The scrip opened at Rs. 14.20 and has touched a high and low of Rs. 14.30 and Rs. 13.57 respectively. So far 6,24,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 18.60 on 03-Dec-2015 and a 52 week low of Rs. 9.58 on 04-Sep-2015.

Last one week high and low of the scrip stood at Rs. 14.30 and Rs. 12.97 respectively. The current market cap of the company is Rs. 8,226.99 crore.

The promoters holding in the company stood at 61.61%, while Institutions and Non-Institutions held 27.40% and 10.99% respectively.

GMR Infrastructure’s subsidiary -- GMR Airports (GAL) -- has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa. The concession period for the Greenfield project will be 40 years with a possible extension of another 20 years through a bid process. The airport will be built under the BOT (Build Operate Transfer) model.

GMR won the bid through a closely contested competitive bid process with Airports Authority emerging as the second highest bidder followed by the consortium of Essel Infra-Incheon emerging third. The letter of award is expected to be issued within 60 days, while signing of concession agreement will be done within 45 days from the date of issuance of award letter.

GMR Infrastructure is an infrastructure holding company of GMR Group. It undertakes the development of the infrastructure projects including airports, energy, highways, urban infrastructure other projects through its various subsidiaries.



GMR Airports Share Price

97.62 0.41 (0.42%)
22-Apr-2026 13:29 View Price Chart
Peers
Company Name CMP
Dreamfolks Services 83.41
GMR Airports 97.62
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