GMR Infrastructure is currently trading at Rs. 44.20, up by 1.55 points or 3.63% from its previous closing of Rs. 42.65 on the BSE.
The scrip opened at Rs. 42.85 and has touched a high and low of Rs. 44.45 and Rs. 42.40 respectively. So far 1486320 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 46.10 on 13-Oct-2021 and a 52 week low of Rs. 22.50 on 26-Apr-2021.
Last one week high and low of the scrip stood at Rs. 44.45 and Rs. 38.85 respectively. The current market cap of the company is Rs. 26196.00 crore.
The promoters holding in the company stood at 60.50%, while Institutions and Non-Institutions held 29.18% and 10.32% respectively.
GMR Infrastructure’s subsidiary — GMR Airports’ (GAL) step down subsidiary GMR Airports Netherlands B.V. has signed the Shareholders’ Agreement (SHA) and Share Subscription Agreement (SSA) with Angkasa Pura II (AP II) for the development and operation of Kualanamu International Airport (Project) in Medan, Indonesia. The letter of award for the project was received on November 23, 2021.
With the signing of the agreements, GMR enters into 49:51 partnership with APII, the state owned enterprise and the bidding authority for the Kualanamu International Airport. The consortium will transform Kualanamu International Airport into Western International hub of Indonesia. The project scope includes operation, development and expansion of the airport over a period of 25 years. Kualanamu International Airport is an operating Airport with healthy cash flows.
GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.