GMR Group

GMR Group
Listed company
Industry Infrastructure
Founded 1978 (1978)
Founder Grandhi Mallikarjuna Reddy
Headquarters Bengaluru, Karnataka,, India
Key people
 Subash Reddy
Services Airports, Energy, Highways and Urban Infrastructure infrastructure Development
Revenue Increase₹133.57 billion (US$1.9 billion)(2016)[1]
Number of employees
 10,000
Website www.gmrgroup.co.in

GMR Group is an infrastructural company headquartered in Bengaluru. The company was founded in 1978 by Grandhi Mallikarjuna Reddy. 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]

Background

GMR Group chairman Grandhi Mallikarjuna Reddy, 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]

Business

Energy

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.

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, Orissa Coal 2013
8 GMR Chhattisgarh Energy Limited 1350 Raikheda, Chhattisgarh Coal 2015
9 GMR Rajamundry Energy Limited 768 Rajamundry, Andhra Pradesh Natural Gas 2015

Airports

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.[6] 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 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. It also owns the Johannesburg Team in SA GLOBAL T20 LEAGUE . GMR Hyderabad International Airport Wins the Prestigious ‘Golden Peacock Business Excellence Award 2017’ [9]

References

  1. ↑ "Financial Snapshot". GMR Group. 2016-06-30.
  2. ↑ Shukla, Tarun (2017-06-07). "GMR Airports wins rights to build a new airport in Greece". livemint.com/. Retrieved 2018-04-20.
  3. ↑ "GMR boss pledges $340m for education". The Times Of India. 2011-03-22. Retrieved 22 March 2011.
  4. ↑ Company Profile
  5. ↑ "GMR bags Turkey airport deal". The Times of India. 11 July 2007. Retrieved 22 March 2010.
  6. ↑ Ray, Suchetana (14 May 2015). "GMR Group under CBI lens". The Economic Times. Retrieved 27 June 2018.
  7. ↑ New Delhi
  8. ↑ HYD
  9. ↑ http://indtoday.com/gmr-hyderabad-international-airport-wins-the-prestigious-golden-peacock-business-excellence-award-2017/
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.