GMR Infra plans to divest non-core assets, bets 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, according to a document.
The airport-to-port conglomerate in an investor presentation said land at strategic industrial locations will benefit from the possible manufacturing dislocation from China.
“Plan is to divest large part of other assets identified as non-core divestment initiative,” the document said and noted that it has 10,500 acres of port and industrial land and “even 50 per cent land monetization” could yield significant value.
About its Kakinada Special Investment Region (SIR) in Andhra Pradesh, the group said that it is in discussion with a large number of clients for monetization of land.
