GMR readying itself to take on Adani for leadership in India’s airports biz

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Hyderabad-based GMR group has been the king of India’s airport infrastructure business, handling over 100 million passengers a year in India and abroad. Its two operational airports in India — Delhi and Hyderabad — handled nearly a fourth of the 340 million Indian airline passenger market in FY20.

So last month, listening to a long-standing demand by its investors, GMR Infrastructure demerged its non-airport business (energy and highways) from the airport business, transforming the company into India’s only listed pure play airport company. The timing is ...

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source https://earn8online.com/index.php/95408/gmr-readying-itself-to-take-on-adani-for-leadership-in-indias-airports-biz/