GMR Infrastructure’s subsidiary -- GMR Airports (GAL) has signed concession agreement with Kannur International Airport (KIAL) to develop, operate, maintain and manage the Duty-Free outlets at Kannur International Airport on an exclusive basis.
Under the concession agreement, the company would design, finance and operate the DutyFree shops at Kannur International Airport for a period of 7 years, which is extendable by 3 more years. This is the first Duty Free concession outside GMR’s airport portfolio.
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.
Company Name | CMP |
---|---|
Dreamfolks Services | 552.20 |
GMR Airports Infra. | 90.79 |
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