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The Economic Times

Delhi's office market set for major expansion with over 15 million sq f t of new space in the pipeline

Delhi's office market is set for a significant boost with over 13 million sq ft of new office space being added in the coming years. Major projects by NBCC, Bharti, GMR, and Prestige are driving this growth, attracting corporates back to Delhi from Gurugram and Noida.

Business Standard

GMR Airports Infra passenger traffic climbs 9% YoY in Aug

GMR Airports Infrastructure's passenger traffic across all GMR Airports increased 9% year on year (YoY) in August 2024, to over 10.6 million passengers.

CNBC TV18

GMR Airports reports 9% growth in August passenger traffic

The Delhi International Airport, GMR’s flagship asset, registered over 6.3 million passengers in August, reflecting a 7.6% YoY increase. Shares of GMR Airports Ltd ended at ₹96, up by ₹2.07, or 2.20%, on the BSE.

The Economic Times

GMR plans Aerocity Projects on 1,500 acres around major airports

GMR Group is planning a significant real estate development around its airports in Delhi, Hyderabad, and Goa. The projects include industrial, commercial, and hospitality developments. Notable plans include a resort-focused development in Goa and extensive social infrastructure at Hyderabad airport. Other developers are also contributing to these aerocity projects.

The Economic Times

Big movers on D-Street: What should investors do with GMR Airports, IREDA and Suzlon Energy

Benchmark Sensex gained nearly 362 points, with Nifty closing above 25,000 on Tuesday. Stocks in focus included GMR Airports, IREDA, and Suzlon Energy, which saw significant gains. Analyst Viral Chheda suggests these stocks have potential for further growth and recommends buying at current levels and dips for long-term investment.

The Economic Times

GMR Airports shares jump 3% on plans to acquire 10% stake in Delhi Airport

GMR Airports Infrastructure is set to acquire an additional 10% equity stake in Delhi International Airport for $126 million, increasing its stake to 74%. The seller, Fraport AG, will retain its role as airport operator. The transaction is expected to be completed within 180 days.

The Economic Times

IREDA jumps over 7% on MoU with SJVN, GMR for 900 MW hydro project in Nepal

On the technical side, the company's relative strength index (RSI) is at 35.6, indicating the stock is neither overbought nor oversold. IREDA is trading above its 5-day, 100-day, and 150-day simple moving averages (SMAs), but remains below its 10-day, 20-day, 30-day, and 50-day SMAs.

Business Line

GMR Airports’ Delhi airport deal attracts ‘Buy’ call from Jefferies, Kotak stays cautious

Kotak advises a “Sell” with a target of ₹74, noting recent gains but cautioning against viewing GMR Airports as a monopoly in non-aero growth.

Business Line

Stocks that will see action today: September 10, 2024

Buzzing stocks: GMR Airports, GopalSnacks, Bikaji Foods, Pharma stoks, IREDA, SJVN, Tata Power, BoB, Electrosteel Castings, Dixon Tech, Awfis, IRB Infra, Arvind, HG Infra, ACE, Sky Gold

The Economic Times

GMR buys out Fraport's 10% in Delhi Airport for Rs 1,058 crore

GMR Fraports Stake Buy Deal: GMR Airports has acquired Fraport's 10% stake in Delhi airport for $126 million, increasing its share to 74%. The move aligns with GMR's strategy to consolidate its core assets. Fraport had been seeking to sell its stake due to limited control and valuation differences.

The Economic Times

IREDA signs MoU with SJVN, GMR for 900 MW hydro project in Nepal

Indian Renewable Energy Development Agency has signed agreements with SJVN and GMR Energy to develop the 900 MW Upper Karnali hydro-electric project in Nepal. This collaboration aims to boost regional energy security and promote renewable energy infrastructure, enhancing cooperation between India and Nepal for sustainable growth.

Mint

GMR Airports to buy Fraport's 10% to increase stake in Delhi airport

GMR Airports will pay $126 million to acquire Fraport's stake to increase its shareholding to 74%

Business Line

GMR Group buys 10% stake in Delhi Airport, marking Fraport’s exit from India.

The share sale marks Fraport AG's exit from India after eighteen years of invesment

The Economic Times

GMR Airports to acquire 10% stake in Delhi International Airport at estimated $126 million

GMR Airports Infrastructure will acquire a 10% stake in Delhi International Airport Limited (DIAL) from Fraport AG for $126 million. GMR, which already holds 64% of DIAL, anticipates completing the transaction within 180 days.

CNBC TV18

GMR Airports to acquire 10% additional stake in Delhi International Airport for $126 million

GMR Airports Infrastructure has signed a share purchase agreement (SPA) with Fraport AG Frankfurt Airport Services Worldwide to acquire the latter's 10% equity stake in Delhi International Airport Ltd (DIAL). Shares of GMR Airports Infrastructure Ltd ended at ₹90.90, down by ₹0.16, or 0.18%, on the BSE.

The Economic Times

GMR Airports to acquire 10% stake in Delhi Airport from Fraport

GMR Airports Infrastructure Limited has signed a Share Purchase Agreement with Fraport AG to acquire its 10 per cent stake in Delhi International Airport Limited for $126 million. This deal will increase GIL's holdings in DIAL from 64 per cent to 74 per cent, pending necessary approvals and conditions, expected to conclude within 180 days.

CNBC TV18

Shares of this GMR Group company may hit ₹184 after a 150% rally so far in 2024

GMR Power and Urban Infra, part of the GMR Group, has expertise in sectors like energy, urban infrastructure, and transportation.

The Economic Times

Exclusive general aviation terminal for private aircraft users launched at Hyderabad airport

Rajiv Gandhi International Airport in Hyderabad, managed by GMR group, has launched a new general aviation terminal exclusively for private jet users. The state-of-the-art facility offers services such as customs checks, security clearance, and dedicated lounges, promising enhanced comfort, convenience, and luxury for domestic and international private jet passengers.

Business Standard

IGIA becomes 1st Indian airport to get net zero carbon emission status

Delhi airport has become the country's first airport to get the net zero carbon emission status under the Airport Council International's accreditation programme, DIAL said on Wednesday. GMR Group-led DIAL is the operator of the Indira Gandhi International Airport (IGIA) in the national capital. Initially, the airport targeted to achieve net zero carbon emission by 2030, and the target has been achieved well ahead of schedule through various initiatives, including the adoption of renewable energy, development of green airport infrastructures and promotion of electric vehicles, it said in a release. DIAL said IGIA has become the first airport in India to successfully achieve Net Zero Carbon Emission Airport status under the Airport Council International's (ACI) Airport Carbon Accreditation (ACA) programme. "With the attainment of Level 5 net zero emission accreditation in 2024, we have once again demonstrated our commitment to continual improvement and sustainability. "As we face t

The Economic Times

F&O Ban List: Hindustan Copper, India Cements among 8 stocks under trade ban on Tuesday

Eight stocks are under the F&O trade ban on Tuesday: Aditya Birla Fashion & Retail, Chambal Fertilizers & Chemicals, GMR Airports, GNFC, Hindustan Copper, India Cements, Indus Towers, and RBL Bank. Balrampur Chini, Bandhan Bank, IEX, and PEL have moved out of the ban.

Business Line

Movers & Shakers: Stocks that will see action this week

Here is what the charts say about the shares of GMR Airports Infrastructure, Sun Pharmaceuticals and Tata Consumer Products

The Economic Times

Air India to set up pilot training school at Amravati

The aviation landscape in India is witnessing a transformative phase with major players like IndiGo, Akasa, Air India, and the GMR group investing in extensive training programs to meet the surging demand for skilled pilots and engineers. Air India's Amravati pilot training school is set to be operational by Q1 FY26.

The Economic Times

IndiGo cancels nearly 90 flights as disruptions continue in Delhi

IndiGo, the largest airline from Delhi airport's Terminal 1, has cancelled around 90 flights due to a roof collapse. SpiceJet's flights have been diverted to Terminals 2 and 3, but the number of SpiceJet flights shifted to these terminals is unknown. The airport's roof collapsed during heavy rains, causing at least one death and six injuries. The Indian Institute of Technology and the GMR group have set up committees to investigate the incident.

The Economic Times

Aviation firms plan own training schools to ensure supply of talent

While Air India is starting its own pilot training school, the GMR group that owns the country's largest airframe maintenance, repair and overhaul (MRO) company, GMR Aero Technic, has invested ?50 crore to start its own school for engineers. "To train such large numbers of engineers, GMR Aero Technic has entered the skill development segment with the GMR School of Aviation," Ashok Gopinath, president and accountable manager of GMR Aero Technic, said. The group also owns the Delhi, Hyderabad and Goa airports.

The Economic Times

F&O stocks: PVR INOX, Indiamart Intermesh among 5 stocks with long buildup

Bulls dominate PVR INOX, Indiamart Intermesh, GMR Infra, SAIL, and Dixon Technologies with fresh long positions. Price increases accompanied by open interest rises confirm long buildup signals. Additional checks aid trading decisions, including proximity to 52-week high and bullish crossovers.

The Economic Times

F&O Ban: SAIL, GMR Airports among 6 stocks under trade ban on Tuesday

Any stock's F&O contracts enter the ban period when the open interest (OI) on it crosses 95% of the market-wide position limits or MWPL. The ban is lifted only if the open interest falls below 80%.