Institutional Equities - Online Share Trading
Institutional Equities - Online Share Trading
Institutional Equities - Online Share Trading
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<strong>Institutional</strong> <strong>Equities</strong><br />
Exhibit 14: Company structure<br />
Sustainable and growing asset portfolio<br />
GMR Infrastructure is India's leading infrastructure asset owner managing four airports (two operating airports<br />
in India at New Delhi and Hyderabad and the airports at Istanbul, Turkey, and Male, Maldives. It also has three<br />
operational power plants totaling 839MW and an under-construction portfolio of 8.4GW. In the road segment,<br />
the company has six operational projects totaling 421km and three under-construction projects totaling 310km<br />
with a project cost of Rs 30bn.<br />
GMR Holdings<br />
GMR Infrastructure<br />
GMR Energy GMR Highways holding GMR Airports holding<br />
Others<br />
Operating Companies:<br />
GMR Energy (100%)<br />
GMR Power Corporation (51%)<br />
Vemagiri Power Generation (100%)<br />
Assets under development:<br />
Rajahmundry (100%)<br />
GMR Kamalanga Energy (80%)<br />
Operating companies:<br />
GMR Tambaram Tindivanam (61%)<br />
GMR Tuni Anakapalli (61%)<br />
GMR Pochanpalli (100%)<br />
GMR Ambala Chandigarh (100%)<br />
GMR Jadcherla (100%)<br />
GMR Ulundurpet (100%)<br />
Operating companies:<br />
GMR Hyderabad Int’l. Airport (63%)<br />
Delhi International Airport (54%)<br />
Sabiha Gokcen Int’l Airport (40%)<br />
GMR Male Int’l Airport (77%)<br />
GMR Krishnagari SEZ (100%)<br />
GMR Aviation (GAPL) (100%)<br />
GMR Chhattisgarh Energy (100%)<br />
Emco Energy (100%)<br />
Talong Hydro Power (100%)<br />
Holi Bajoli Hydro Power (100%)<br />
Himtal Hydro power Co. (80%)<br />
Assets under development:<br />
GMR Hyderabad Vijayawada (74%)<br />
Chennai Outer Ring Road (90%)<br />
Hungund-Hospeth (51%)<br />
GMR Upper Karnali (73%)<br />
GMR Badrinath Hydro Power(100%)<br />
GMR Coastal Energy (100%)<br />
Island Power Singapore (100%)<br />
Coal assets:<br />
Indonesia (100%)<br />
HEG, South Africa (56%)<br />
Source: Company<br />
Exhibit 15: Growth path<br />
Source: Company, Nirmal Bang <strong>Institutional</strong> <strong>Equities</strong> Research<br />
62 GMR Infrastructure
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