GMR spending Rs 20,000 crore on airports’ expansion, developing new ones

GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, Chairman of the infra major has said. “Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure… Your company is currently investing approximately Rs 20,000 crore to expand the existing Airports and develop new Airports,” he said in the group’s latest annual report.

GMR’s airport business comprises of four operating airports- Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.