GMR Group

GMR Group
Listed company
Industry Infrastructure
Founded 1978
Founder Grandhi Mallikarjuna Rao
Headquarters Bangalore, India
Key people
 Grandhi Mallikarjuna Rao
Services Infrastructure Development
Revenue Increase₹11087 crore (US$1.6 billion)(2015)[1]
Number of employees
 10000
Website www.gmrgroup.co.in

GMR Group is an infrastructural company headquartered in Bangalore. The company was founded in 1978 by Grandhi Mallikarjuna Rao. Employing the Public Private Partnership model, the Group has successfully implemented several iconic infrastructure projects in India. The Group also has a global presence with infrastructure operating assets and projects in several countries including Turkey, South Africa, Indonesia, Singapore, the Maldives and the Philippines.

Business

GMR Group chairman Grandhi Mallikarjuna Rao, a first-generation entrepreneur hailing from Rajam in Srikakulam District in Andhra Pradesh, pledged $340 million (Rs 1,540 crore), which is equivalent to his personal share in the infrastructure conglomerate, to improve education among the undereserved 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] The Group’s commitment to inclusive growth is achieved through its Corporate Social Responsibility arm – the GMR Varalakshmi Foundation (GMRVF). GMRVF works with the under-privileged sections of the community in all the locations where the Group has business interests.

The company was involved in the construction of Rajiv Gandhi International Airport - Hyderabad and Sabiha Gökçen International Airport in Turkey.[4] GMR is also involved in the expansion and modernisation of Indira Gandhi International Airport in New Delhi. [5] Airports Operated currently by GMR are:

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. 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 Daredevils. 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.

References

  1. ↑ "GMR Annual Financial report" (PDF). GMR Group. 2015-01-01.
  2. ↑ "GMR boss pledges $340m for education". The Times Of India. 2011-03-22. Retrieved 22 March 2011.
  3. ↑ Company Profile
  4. ↑ "GMR bags Turkey airport deal". The Times of India. 11 July 2007. Retrieved 22 March 2010.
  5. ↑ http://economictimes.indiatimes.com/markets/stocks/news/gmr-group-under-cbi-lens/articleshow/47278528.cms
  6. ↑ New Delhi
  7. ↑ HYD

External links

This article is issued from Wikipedia - version of the Saturday, April 09, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.