GMR Group to Expand Its Airport Business
GMR Group will work towards expanding its footprint in the airport business in the long term, said G.M. Rao, Chairman of the group in his message to the shareholders. He said that the company will continue to invest in technology and that larger countries such as India are expected to recover faster
Published -
Sep 1, 2020 8:47 AM
GMR Group will work towards expanding its footprint in the airport business in the long term, said G.M. Rao, Chairman of the group in his message to the shareholders. He said that the company will continue to invest in technology and that larger countries such as India are expected to recover faster because of a strong domestic market. Noting that the fundamental long-term growth drivers for the Indian economy and aviation sector remain intact and strong, he said: "We are actively pursuing suitable airport opportunities in India as well as globally. In line with our strategy, we believe that in spite of the ongoing turbulence, the airport business has huge underlying strength and will continue to be the growth engine for the group.” GMR’s group company GMR Infrastructure too is looking to raise funds and will seek its shareholders' approval to raise up to Rs 5,000 crore through securities, in its annual general meeting on September 21.
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