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GMR Group owns, develops, operates, and manages airports, major energy utilities, highways, and urban infrastructure facilities. With a net asset base of nearly US$25 billion, it is one of India's largest infrastructure development companies. GMR Group is famous for operating the Indira Gandhi International Airport in Palam, Delhi.
Grandhi Mallikarjuna Rao (born 14 July 1950) is a mechanical engineer, billionaire industrialist, the founder chairman of GMR Group, [1] a global infrastructure developer and operator based in India. [ 2 ] [ 3 ] Started in 1978, GMR Group is now present in 7 countries, active in energy, highways, large urban development and airports sectors ...
Megawide Construction Corporation went public on February 18, 2011 with an initial public offering price of P7.84 per share. It was the first company to go public in 2011 and is traded under the stock symbol MWIDE. The IPO ran from February 7 to 11 and was able to raise nearly P2.3 billion in fresh funds for the company.
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It would be built by GMR Visakhapatnam International Airport Limited (GVIAL), a Special Purpose Entity (SPE) owned by the GMR Group that was set up in June 2020. [15] The project would be taken up in the PPP mode with the state holding a stake in the form of land holdings.
In May 2006, control of the airport was subsequently entrusted to Delhi International Airport Limited, a consortium led by the GMR Group. [18] In September 2008, the airport inaugurated a 4,430 m (14,530 ft) runway. With the commencement of operations at Terminal 3 in 2010, it became India's and South Asia's largest aviation hub.
Built over an area of 5,500 acres (2,200 ha), it is the largest airport of India by area. [4] It is owned and operated by GMR Hyderabad International Airport Limited (GHIAL), a public–private consortium. It was the first airport in India to launch domestic e-boarding facility in December 2015 and international e-boarding facility in October 2020.
The project was undertaken by concessionaire GMR Hyderabad Vijayawada Expressways Private Limited, a subsidiary of GMR Group on a Build-Own-Operate-Transfer (BOOT) basis. [2] It is one of the busiest expressways in India and is a part of National Highway 65 , which connects Machilipatnam to Pune .