New Delhi, September 16, 2022: Name of GMR Infrastructure Limited has been changed to GMR Airports Infrastructure Limited. Post receipt of approval of the shareholders of the Company and necessary Regulatory Approvals, the change of name is effective from September 15, 2022.
It is known that pursuant to the Orders of the National Company Law Tribunal (NCLT), Mumbai Bench the Composite Scheme of Amalgamation and Arrangement, the Company had demerged its Non-Airport Business i.e. EPC Business and the Urban Infrastructure Business to GMR Power and Urban Infra Limited from the Effective Date of December 31, 2021 and taking effect from the Appointed Date of April 01, 2021. The Company accordingly retained the Airport business and is now the Holding Company for predominantly the Airport Business of the GMR Group.
To reflect the above characteristic of being an airport holding company post the Demerger, it was deemed appropriate to reflect the Airport Business in the name of the Company as well. Accordingly, following the due process of corporate and regulatory approvals, the name of the Company has been changed from “GMR Infrastructure Limited” to “GMR Airports Infrastructure Limited”.
ABOUT GMR GROUP:
GMR Group is a leading global infrastructure conglomerate with unparalleled expertise in designing, building, and operating Airports. It also has a significant presence in areas of Energy, Transportation, and Urban Infrastructure.
GMR Airports is the largest private airport operator in Asia and the 2nd largest in the world with a passenger handling capacity of over 189 million annually. GMR Airports Limited, a subsidiary of GMR Infrastructure Limited (GIL) has Groupe ADP as a strategic partner holding a 49 percent stake. It operates the iconic Delhi Airport, which is the largest and fastest-growing airport in India. It also runs Hyderabad Airport, a pioneering greenfield airport known for several technological innovations. The company is also operating the architecturally renowned Mactan Cebu International Airport in Cebu, Philippines, in partnership with Megawide. Expanding its overseas footprint, GMR Airports, in collaboration with Angkasa Pura II (AP II), has recently bagged the development and operation rights of Kualanamu International Airport in Medan, Indonesia.
The Group is currently developing three major greenfield airport projects across India and Greece. Goa and Bhogapuram airports in India are poised to transform the economy and landscape of the surrounding areas when ready. Crete airport in Greece will similarly play a significant role in the local economy of the region.
GMR Aero Technic (GAT) is India’s largest integrated world-class third-party MRO; a part of GMR Hyderabad International Airport Limited (GHIAL). GAT provides complete technical support to the aircraft operators, with utmost quality and reliability to ensure that its customers meet their operational requirements. GAT has been constantly upgrading its capabilities and expanding its service offerings to meet the growing maintenance needs of the airline operators within and outside India with a vision to be a lead MRO n Asia Pacific region.
As a pioneer in implementing the path-breaking Aerotropolis concept in India, GMR Airports is developing unique airport cities on commercial lands available around its airports in Delhi, Hyderabad, and Goa. GMR Delhi Aerocity is a landmark business, leisure, and experiential district. Similarly, GMR Hyderabad Aerocity is coming up as a new-age smart business hub.
GMR Group’s energy businesses have an installed capacity of over 3,000 MW capacity. With a significant focus on green energy, the company is working towards creating a more sustainable environment by harnessing the power of wind, water, and sun for energy generation. It has a balanced mix in its energy generation portfolio.
The transportation and Urban Infrastructure division of the Group has four operating highway assets spanning over 1460 Lane Km.
Group’s EPC business is working on the design and construction of the prestigious Eastern Dedicated Freight Corridor project of DFCCI (Dedicated Freight Corridor Corporation of India). GMR Group is also developing multi-focus Special Investment Regions in India.
GMR Group’s underlying philosophy is to work closely with and support the local communities wherever it is present. Towards this, GMR Varalakshmi Foundation (GMRVF), the CSR arm of the Group, focuses on improving the quality of life of people by enhancing skills, providing education, and developing healthcare infrastructure and services.
