GMR Infra Betting Big on Land Monetisation
GMR Infrastructure is working on disinvestment of non-core assets including land and hopes to yield "significant value" even from 50 per cent of land monetization. The airport-to-port conglomerate in an investor presentation said land at strategic industrial locations will benefit from the possible manufacturing dislocation from China. They Plan to divest large part of other assets identified as non-core divestment initiative. The company has 10,500 acres of port and industrial land and even 50 per cent land monetization could yield significant value. The group said that it is in discussion with a large number of clients for monetization of land for its Kakinada Special Investment Region (SIR) in Andhra Pradesh. The company has continued its efforts for various government approvals and technical studies and added that demand for industrial parks is expected to revive to pre-COVID-19 levels.
Tags : ALLIED