In accordance with the Companies Act, 1956, Lantana Properties and GMR Hyderabad Airport Power Distribution has become subsidiary company of GMR Infrastructure.
The infrastructure company, on consolidated basis, has reported a net loss after tax and minority interest of Rs 179.30 crore as against net loss of Rs 62.53 crore in the September quarter of previous fiscal. Group’s total income too has increased by 17.73% at Rs 2479.12 crore for the quarter from Rs 2105.80 crore in the similar quarter of previous year.
