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GMR Group

GMR Group is one of the fastest growing infrastructure enterprises in India. The company was founded in 1978 by Grandhi Mallikarjuna Rao. GMR Group is headquartered in Bangalore.

The GMR Group was involved in the construction of Rajiv Gandhi International Airport - Hyderabad and Sabiha Gokcen International Airport in Turkey. The company is also involved in the expansion and modernisation of Indira Gandhi International Airport - New Delhi.

The following airports are operated by GMR:

On 11 October 2012, the Income tax department officials carried out searches on the GMR offices in Delhi, Bangalore and Hyderabad. The operations were carried till late evening on the suspicion that the company had not disclosed all financial information. The Comptroller and Auditor General (CAG) had recently said that GMR was extended undue benefits which added up to Rs 1.63 lakh crore. The company rejected the charges.

Operations at Male Airport

The GMR Group has entered into a $500 million contract with the Maldives government for operating Male airport. In Nov-Dec 2012, the Maldives government has cancelled the contract with GMR. The GMR Group has approached a Singapore court which was allowed by the contract signed.

The Singapore court has stayed the cancellation of airport contract by Maldives with GMR Group, allowing GMR to continue its operations.

GMR Group in News

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Editors Note: There is a photo associated with this Press Release

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