GMR Infrastructure (GIL), incorporated in May 1996, was earlier known as Varalakshmi Vasavi Power Projects and is located in Andhra Pradesh. The name was changed to GMR Vasavi Infrastructure Finance in 1999, and later to GMR Infrastructure in the year 2000.
The company is the infrastructure holding company formed to fund the capital requirements of various infrastructure projects in the Group’s Energy, Highways and Airport and SEZ sectors. It undertakes the development of the infrastructure projects through its various subsidiaries.
Airport: It is engaged in restructuring and modernization of airports. For this it forms alliance with various authorities. For the Delhi airport it has formed a consortium with Fraport AG (Europe's largest cargo hub and second largest passenger airport), Frankfurt Airport Services Worldwide (owners and managers of Frankfurt Airport) and the India Development Fund (an IDF AMC managed fund). Under this it completed Rajiv Gandhi Airport in Hyderabad, which started commercial operations in March 2008.The company also has interest in the companies that operate Indira Gandhi International Airport in New Delhi, and Sabiha Gokcen International Airport in Istanbul.
Energy: It is also involved into development of power plants. It has successful developed 200 MW power plant for Tamil Nadu State Electricity Board. It has lined up of power projects such as Vemagiri Power Generation (388.5 MW),GMR Bajoli Power Project(180 MW) and GMR Chhattisgarh Power Project(1000 MW), among others. The company also has a portfolio of assets, which include gas, coal, and hydro projects; and two hydro projects in Nepal, one gas based power project in Singapore, and coal assets in South Africa and Indonesia.
Highways GIL is also into developing of highways and has completed two road projects awarded by the National Highway Authority of India (NHAI) namely Tambaram-Tindivanam and Tuni-Anakapalli. It has won other highway projects namely Ambala-Chandigarh, Adloor-Gundla Pochanpalli, Tindivanam-Ulunderpet and Thondapalli-Jadcherla. In addition, the company holds concessions for six highways measuring a total length of approximately 1684 Lane kilometers, as well as provides illumination, with high-mast lighting at various junctions and flyovers.
GIL it engages in the production of sugar; and development of a multi product special economic zone in Krishnagiri district in Tamil Nadu. It has developed sugar plants for Sankli Sugar, Dhanalakshmi Sugar and Haliyal Sugar.
GIL has taken up development of SEZ located in Krishnagiri District in Tamil Nadu.
It offers aircraft charter services and consultancy for business aviation.
2013- GMR Highways has signed a definitive agreement with India Infrastructure Fund (IIF) to divest 74% stake in GMR Ulundurpet Expressways Private Limited (‘GUEL’). The transaction is subject to closing conditions customary to such transactions. IIF emerged as successful bidder in buying majority stake in GUEL, which attracted strong interest from several major investors from India and abroad. This is a second major divestment in GMR’s roads portfolio in less than 6 months.
2014- GMR-Megawide Cebu Airport Corporation (GMCAC) a joint venture between GMR Infrastructure Ltd (40% shareholding) and Megawide Construction Corporation (60% shareholding) has signed financing documents of its Mactan Cebu International Airport located in Cebu, Philippines. The financing will fund 70% of its total project cost of Php 33 billion (approximately $ 750 mn). - GMR Infrastructure Limited (GIL) led consortium has emerged as lowest bidder in International Competitive Bidding for two packages of Eastern Dedicated Freight Corridor project involving construction of 417 km long double track railway line from Mughalsarai to New Bhaupur (near Kanpur) on EPC basis. The Eastern Dedicated Freight Corridor extends from Ludhiana to Dankuni near Kolkata.
- GMR Infra‘s QIP stint - GMR Infrastructure has successfully completed the Qualified Institutional Placement (QIP) of the equity shares of GMR Infrastructure Limited. The Company has raised Rs 1477 Cr for through this placement process. The Issue of GMR Infra was launched with a base target of $ 200m and the management decided to keep the Issue size as $ 250m.
- The Consortium led by GMR Infrastructure Limited has won three construction packages of rail line doubling of Multi dal Transport System (MMTS) – Phase II works on Secunderabad Division of South Central Railway in the State of Andhra Pradesh, India. Rail Vikas Nigam Limited has issued the Letter of Award to the GMR consortium on 11th June 2014.
- GMR bags the first Railways work deal in UP - A Consortium led by GMR Infrastructures 0.48 % Limited has won its maiden railway project. The Rs 267 crore project involves construction of rail line doubling between Jhansi and Bhimsen stations in the State of Uttar Pradesh, India.
2015- GMR Megawide Cebu Airport Corp. (GMCAC), a joint venture between GMR Infrastructure and Megawide Construction Corp. of Philippines, broke ground for the construction of Mactan-Cebu International Airport (MCIA) Terminal 2, which is expected to be completed by 2018.
2016- GMR Infrastructure Limited, a leading global infrastructure conglomerate and GMR Highways Limited have signed a Share Purchase Agreement with its Joint Venture Partners to divest its 51% equity stake in GMR OSE Hungund Hospet Highways Private Limited (GOHHHPL). GOHHHPL operates Hungund Hospet section of National Highway No. 13 which is a 99 km project in the State of Karnataka which was won by GMR OSE Consortium in 2010 on design, build, finance, operate and transfer basis.
-The Management Committee of GMR Infrastructure Limited (GIL) has approved the proposed primary capital investment by Tenaga Nasional Berhad (Tenaga) in GMR Energy Limited (GEL). The investment represents 30% equity stake in a select portfolio of GEL assets on fully diluted basis, for cash consideration of USD 300mn.