GMR Infrastructure rises with arm emerging as highest bidder for privatisation of Nagpur Airport

01 Oct 2018

GMR Infrastructure is currently trading at Rs. 16.40, up by 0.30 points or 1.86% from its previous closing of Rs. 16.10 on the BSE.

The scrip opened at Rs. 16.25 and has touched a high and low of Rs. 16.45 and Rs. 15.30 respectively. So far 679197 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 25.00 on 18-Jan-2018 and a 52 week low of Rs. 14.55 on 01-Jun-2018.

Last one week high and low of the scrip stood at Rs. 17.60 and Rs. 15.30 respectively. The current market cap of the company is Rs. 9898.95 crore.

The promoters holding in the company stood at 62.39%, while Institutions and Non-Institutions held 25.06% and 12.55% respectively.

GMR Infrastructure’s subsidiary -- GMR Airports has emerged as the highest bidder for the development, operations and management of Dr. Babasaheb Ambedkar International Airport, Nagpur on a Public Private Partnership (PPP) basis.

The project involves up-gradation, modernization, operation and maintenance of Nagpur Airport for a period of 30 years and includes construction of a new terminal amongst other works. GMR Airports has submitted highest revenue share bid and expecting Letter of Award shortly.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

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GMR Infrastructure Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323