GMR Group

GMR Group is an infrastructural company headquartered in New Delhi. The company was founded in 1978 by Grandhi Mallikarjuna Rao. Employing the Public Private Partnership model, the Group has implemented several infrastructure projects in India. The Group also has a global presence with infrastructure operating assets and projects in several countries including Nepal, Indonesia, Singapore, Philippines and Greece.[1]

GMR Group
Listed company
IndustryInfrastructure
Founded1978; 42 years ago (1978)
FounderG. M. Rao
Headquarters,
Key people
G M RAO
ServicesAirports, Energy, Highways and Urban Infrastructure Development
Websitehttps://www.gmrgroup.in/

BackgroundEdit

GMR Group chairman Grandhi Mallikarjuna Rao, a first-generation entrepreneur hailing from Rajam in Srikakulam District in Andhra Pradesh, pledged $340 million, which is equivalent to his personal share in the infrastructure conglomerate, to improve education among the under-served sections of the society.[2]

The company started with Agri-based industries like Jute, Sugar, Breweries and slowly moved in the Infrastructure space over the past decade. Now the GMR group interests lie in areas of Airports, Energy, Highways and Urban Infrastructure.

GMR Infrastructure Limited is the infrastructure holding company formed to fund the capital requirements of various infrastructure projects across the sectors. It undertakes the development of the infrastructure projects through its various subsidiaries.

They are also actively involved in community service as a part of Corporate Social Responsibility.[3]

BusinessEdit

EnergyEdit

GMR group is one of the leading players in the power sector of India with more than 4400 MW of installed capacity. However GMR Infra's stake in GMR Energy Chhattisgarh was acquired by ADANI Power on 4 July 2019[4]

The Group today has 2135 MW in operation and 5043 MW under various stages of implementation with a diversified fuel mix consisting of coal, natural gas, and hydro. Recently it has completed setting up of a 25 MW solar power plant in Gujarat and two windmills of 2.1 MW in Gujarat and 1.2 MW in Tamil Nadu. The Group also has around 806 mn tons of coal reserves in Golden Energy Mines, Indonesia and 104 mn tons in PT Barasentosa Lestari, Indonesia.

Operational Power Projects
S No Name of the Project Capacity Location Fuel Type Operational

Since

1 GMR Energy Limited 220 MW

Kakinada, Andhra Pradesh

Natural Gas 2001

2010

2 GMR Vemagiri Power Generation Limited 388 MW Rajahmundry, Andhra Pradesh Natural Gas 2006
3 GMR Generation Assets Limited 2.1 MW Kutch, Gujarat Wind 2011
4 GMR Power Infra Limited 1.25 MW Coimbatore, Tamil Nadu Wind 2011
5 GMR Gujarat Solar Power Pvt Limited 25 MW Charanka, Gujarat Solar 2012
6 GMR Warora Energy Limited 600 MW Warora, Maharashtra Coal 2013
7 GMR Kamalanga Energy Limited 1050 MW Dhenkanal, Odisha Coal 2013
8 GMR Rajahmundry Energy Limited 768 MW Rajahmundry, Andhra Pradesh Natural Gas 2015
9 GMR Solar Energy Power Pvt. Ltd 2MW IGI Airport, New Delhi Solar 2017
10 GMR Rajam Solar Power Pvt. Ltd 1MW Rajam, Andhra Pradesh Solar 2016

11

GMR Bajoli Holi Hydro Power Private Limited 180 MW Chamba, Himachal Pradesh, India Hydro Under construction

12

GMR Upper Karnali Hydropower Limited 900 MW Dailekh, Nepal Hydro Under construction
13 GMR Badrinath Hydro Power Generation Pvt. Ltd 300 MW Chamoli, Uttarakhand Hydro Under Construction
14 GMR Londa Hydro Power Pvt. Ltd 225 MW Chamba, Himachal Pradesh Hydro Under Construction

Projects under ConstructionEdit

GMR Badrinath Hydro Power Generation Private Limited, 300 MW Hydro based power plant at Chamoli, Uttarakhand India GMR Londa Hydropower Private Limited, 225 MW Hydro based power plant at East Kameng, Arunachal Pradesh, India

AirportsEdit

GMR Group entered the airports development space in 2003.

The company was involved in the construction of Rajiv Gandhi International Airport - Hyderabad and Sabiha Gökçen International Airport in Turkey.[5] GMR is also involved in the expansion and modernisation of Indira Gandhi International Airport in New Delhi. GMR group has won the bid for development, operations and management for the proposed international airport for Visakhapatnam at Bhogapuram [6] and the contract for the expansion of Dr. Babasaheb Ambedkar International Airport  in Nagpur.[7]

Airports Operated currently by GMR are:

Indira Gandhi International Airport, New Delhi

Rajiv Gandhi International Airport, Hyderabad

Heraklion Crete, New International Airport, Greece.

GMR Goa International Airport, Goa.

Mactan Cebu International Airport, Cebu (CEB), Philippines.

TransportationEdit

GMR Group is a developer of Roads and Highways, in India. The Group has four operating assets in the Highways sector :

  • Ambala-Chandigarh (35 km)
  • Adloor - Pochanpalli (103 km)
  • Hyderabad - Vijayawada (181 km)
  • Chennai Outer Ring Road (30 km)

Urban InfrastructureEdit

The Group's projects in the Urban Infrastructure sector include a multi-product SEZ and Large Area Development in Krishnagiri, Tamil Nadu, a captive port based multi-product SEZ in Kakinada, Andhra Pradesh, Aviation and Logistics SEZ around the Hyderabad International Airport and development of a Central Business District around the Delhi International Airport.

SportsEdit

GMR has forayed into sports by promoting the Indian Premier League (IPL) cricket team – Delhi Capitals and Pro-Kabaddi League-UP-Yodha.  GMR Sports owning the National Capital's team has been helping it connect with the citizens of Delhi. GMR looks at its participation in the IPL as a serious and dedicated venture, representing a broad-based opportunity spectrum. It also owns the Johannesburg Team in SA GLOBAL T20 LEAGUE . GMR Hyderabad International Airport wins the Prestigious ‘Golden Peacock Business Excellence Award 2017’[8]

Delhi Capitals

The Delhi Capitals was established in 2008 as Delhi Daredevils (DD). The franchise is jointly owned by the GMR Group and JSW Group.

UP Yoddha

UP Yoddha (UPY) is a Kabaddi team based in Lucknow, Uttar Pradesh that plays in the Pro Kabaddi League.

Other BusinessesEdit

GMR Aviation AcademyEdit

The GMR Aviation Academy (GMRAA) was established at the Rajiv Gandhi International Airport, Shamshabad, Hyderabad in 2009 for aviation personnel and allied agencies in India and abroad.

RAXA Techno Security SolutionsEdit

GMR AviationEdit

GMR Aviation was formed in 2006 to offer aircraft charter services and consultancy for business aviation. Apart from owning and managing its own fleet, GMR Aviation also manages aircraft of other business groups.

GMR Varalakshmi FoundationEdit

GMR Varalakshmi Foundation (GMRVF),[9] is the Corporate Social Responsibility wing of the GMR Group. The vision of the Foundation is to make sustainable impact on the human development of communities through initiatives in Education, Health and Livelihoods.

ReferencesEdit

  1. ^ Shukla, Tarun (7 June 2017). "GMR Airports wins rights to build a new airport in Greece". Retrieved 5 December 2019.
  2. ^ "GMR boss pledges $340m for education - Times of India". The Times of India. Retrieved 5 December 2019.
  3. ^ "Varalakshmi Foundation, the CSR arm of the GMR Group". www.gmrgroup.in. Retrieved 5 December 2019.
  4. ^ "Adani Power acquires GMR Infra's Chhattisgarh power plant". www.businesstoday.in. Retrieved 5 December 2019.
  5. ^ "GMR bags Turkey airport deal - Times of India". The Times of India. Retrieved 5 December 2019.
  6. ^ Reporter, Staff (4 March 2020). "GMR to develop Bhogapuram airport". The Hindu. ISSN 0971-751X. Retrieved 28 March 2020.
  7. ^ PTI. "GMR Infra bags contract to manage Nagpur airport". @businessline. Retrieved 5 December 2019.
  8. ^ "GMR Hyderabad International Airport Wins the Prestigious 'Golden Peacock Business Excellence Award 2017'". INDToday. 25 April 2017. Retrieved 5 December 2019.
  9. ^ "Varalakshmi Foundation, the CSR arm of the GMR Group". www.gmrgroup.in. Retrieved 5 December 2019.