GMR Infrastructure soars with arm inking agreement for development of Commercial Port

22 Nov 2018

GMR Infrastructure is currently trading at Rs. 16.65, up by 0.25 points or 1.52% from its previous closing of Rs. 16.40 on the BSE.

The scrip opened at Rs. 16.65 and has touched a high and low of Rs. 16.75 and Rs. 16.55 respectively. So far 89902 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. 17.10 and Rs. 16.00 respectively. The current market cap of the company is Rs. 9898.95 crore.

The promoters holding in the company stood at 62.96%, while Institutions and Non-Institutions held 26.39% and 10.66% respectively.

GMR Infrastructure’s step down subsidiary -- Kakinada Gateway Port (KGPL) has signed the Concession Agreement with the GoAP for development of a green-field commercial port on Design, Build, Finance, Operate and Transfer (DBFOT) basis in Kona Village, East Godavari District, Andhra Pradesh.

The concession has been awarded with a concession fee of 2.7% of revenue share in the first 30 years of COD, 5.4% of revenue share in the years 31 to 40 and 10.8% revenue share in the years 41 to 50. The Port would be developed in an area of approx. 1811 acres owned by KSEZ.

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