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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.[2]

GMR Group
Listed company
IndustryInfrastructure
Founded1978; 41 years ago (1978)
FounderG M RAO
Headquarters,
Key people
G M RAO
ServicesAirports, Energy, Highways and Urban Infrastructure infrastructure Development
RevenueIncrease133.57 billion (US$1.9 billion)(2016)[1]
Number of employees
10,000
Website{unknown

Contents

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 undereserved sections of the society.[3]

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.[4]

BusinessEdit

EnergyEdit

GMR group is one of the leading players in the power sector of India with more than 4400 MW of installed capacity. The Group’s strategy of being a power generation-focused, integrated player in the Energy space has resulted in a diversified fuel as well as tariff-mix.However GMR Infra's stake in GMR Energy Chattisgarh was acquired by ADANI Power on 4 July 2019 [5]

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

Since

1 GMR Power Corporation Limited 200 Chennai, Tamil Nadu LSHS 1999
2 GMR Energy Limited 220 Managalore, Karnataka

Kakinada, Andhra Pradesh

Natural Gas 2001

2010

3 GMR Vemagiri Power Generation Limited 388 Rajamundry, Andhra Pradesh Natural Gas 2006
4 GMR Renewable Energy Limited 2.1 Kutch, Gujarat Wind 2011
5 GMR Power Infra Limited 1.25 Coimbatore, Tamil Nadu Wind 2011
5 GMR Gujarat Solar Power Pvt Limited 25 Charanka, Gujarat Solar 2012
6 GMR Warora Energy Limited 600 Warora, Maharashtra Coal 2013
7 GMR Kamalanga Energy Limited 1050 Kamalanga, Odisha Coal 2013
8 GMR Rajamundry Energy Limited 768 Rajamundry, Andhra Pradesh Natural Gas 2015

AirportsEdit

The company was involved in the construction of Rajiv Gandhi International Airport - Hyderabad and Sabiha Gökçen International Airport in Turkey.[6] GMR is also involved in the expansion and modernisation of Indira Gandhi International Airport in New Delhi.[7]GMR group has won the bid for development, operations and management for the proposed international airport for Visakhapatnam at Bhogapuram[8] and the contract for the expansion of Dr. Babasaheb Ambedkar International Airport in Nagpur. [9] Airports Operated currently by GMR are:

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 wind mills 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.

The Group has seven operating assets in the Highways sector :

  • Tambaram - Tindivanam (93 km)
  • Tuni- Anakapalli (59 km)
  • Ambala-Chandigarh (35 km)
  • Adloor - Pochanpalli (103 km)
  • Hyderabad - Vijayawada (181 km)
  • Chennai Outer Ring Road (30 km) and
  • Hungund - Hospet (99 km) which is partially operational.

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.

GMR has forayed into sports by promoting the Indian Premier League (IPL) cricket team – Delhi Capitals. 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’ [12]

See alsoEdit

ReferencesEdit

  1. ^ "Financial Snapshot". GMR Group. 30 June 2016.
  2. ^ Shukla, Tarun (7 June 2017). "GMR Airports wins rights to build a new airport in Greece". livemint.com/. Retrieved 20 April 2018.
  3. ^ "GMR boss pledges $340m for education". The Times Of India. 22 March 2011. Retrieved 22 March 2011.
  4. ^ Company Profile
  5. ^ https://www.businesstoday.in/current/corporate/adani-power-acquires-gmr-infra-chhattisgarh-power-plant/story/361638.html
  6. ^ "GMR bags Turkey airport deal". The Times of India. 11 July 2007. Retrieved 22 March 2010.
  7. ^ Ray, Suchetana (14 May 2015). "GMR Group under CBI lens". The Economic Times. Retrieved 27 June 2018.
  8. ^ "GMR highest bidder for Bhogapuram airport in AP". The Hindu. Special Correspondent. 27 February 2019. ISSN 0971-751X. Retrieved 5 May 2019.CS1 maint: others (link)
  9. ^ [GMR Infra bags contract to manage Nagpur airport]
  10. ^ New Delhi
  11. ^ HYD
  12. ^ http://indtoday.com/gmr-hyderabad-international-airport-wins-the-prestigious-golden-peacock-business-excellence-award-2017/

External linksEdit