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GMR Infrastructure advances on the buzz of its arm signing MoU with APGDC

10 Oct 2018

GMR Infrastructure is currently trading at Rs. 16.15, up by 0.45 points or 2.87% from its previous closing of Rs. 15.70 on the BSE.

The scrip opened at Rs. 15.90 and has touched a high and low of Rs. 16.20 and Rs. 15.75 respectively. So far 676594 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. 16.80 and Rs. 15.25 respectively. The current market cap of the company is Rs. 9657.51 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 -- Kakinada SEZ has reportedly signed a memorandum of understanding (MoU) with the Andhra Pradesh Gas Development Corporation (APGDC). The company has signed a MoU to get access to piped natural gas for its upcoming 10,500-acre Kakinada Special Investment Region.

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.

Related GMR Infrastructure Ltd. Links:

GMR Infrastructure Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323