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GMR Airports Ltd
NSE: GMRAIRPORT BSE: 532754
₹112.51
(0.61%)
Tue, 14 Jul 2026, 03:07 pm
Market Cap (in Cr)118788.48
PE Ratio1023.75
Dividend0
Transportation
Other Transportation
24.5KCompany History
1996
- Incorporated on May 10 as Varalakshmi Vasavi Power Projects Limited in Hyderabad, Andhra Pradesh.
- Received certificate of commencement of business on May 23.
1999
- Name changed to GMR Vasavi Infrastructure Finance Limited on May 31.
2000
- Name changed to GMR Infrastructure Limited on July 24.
2004
- Registered office shifted from Andhra Pradesh to Karnataka on October 4.
2006
- GMR Hyderabad International Airport awards in-flight catering contracts.
2007
- GHIAL awards F&B outlet contract to HMS Host.
- G M Rao relinquishes Managing Director role; appointed whole-time Executive Chairman on October 18.
- Company splits face value from Rs 10 to Rs 2.
2008
- GMR Group signs MOU for 300 MW Upper Karnali Hydro Electric Project in Nepal.
- GMR Infra buys 50% stake in US power company Intergen.
- DIAL ties up with Indraprastha Apollo Hospital for medical facilities at Delhi Airport.
2009
- GMR consortium bags Hyderabad-Vijayawada highway project; receives LoA on May 27.
- GMR subsidiary acquires Indonesian coal firm for Rs 400 cr.
- GMR Holdings Pvt. Ltd purchases 1,150,000 equity shares.
- GMR Group acquires 100% ownership of Island Power Project, Singapore.
- Company splits face value from Rs 2 to Re 1.
2010
- GMR Infrastructure consortium bags NHAI road project in Karnataka.
- GMR Infrastructure wins expansion and management contract for Male International Airport, Maldives.
2011
- GMR adds 384 MW to Andhra Pradesh grid.
- GMR Energy (Singapore) Pte Ltd achieves financial close.
- GMR Group and Schulich School of Business enter understanding for Hyderabad campus.
- GMR Infrastructure awarded first mega highway project.
2012
- GHIAL inaugurates maintenance, repair and overhaul facility.
- G M Rao appointed Executive Chairman for 5 years from October 18.
- Revision in aeronautical charges at Indira Gandhi International Airport.
- First unit of GMR Warora Plant synchronized.
- GMR Kishangarh Udaipur Ahmedabad Expressways Ltd achieves financial closure.
2013
- GMR Group sells GMR Energy (Singapore) Pvt Ltd.
- GMR Group wins Most Admired Infrastructure Company award at 5th KPMG Infrastructure.
- GMR signs JDA with IFC for Upper Marsyangdi-2 hydropower project in Nepal.
- Macquarie SBI Infrastructure Fund acquires majority stake in GMR Jadtcherla Expressways Ltd.
- GMR introduces changes in energy arm to create verticals.
2014
- GMR Infrastructure wins first railway project.
- GMR Group signs PDA with Nepal government for 900 MW Upper Karnali Hydro Power Project.
- GMR Infrastructure signs MoU with Japan Bank for International Cooperation.
- GMR Megawide consortium awarded Mactan-Cebu Airport project.
- GMR Group awarded Asia’s Coaching Leadership Excellence Award.
- GMR Varalakshmi Foundation wins Best CSR Practices Award-2014.
2015
- GMR led consortium wins Rs 5,080 cr rail freight corridor project from DFCC.
- GMR Infra arm inks MoU with Chinese consortium.
- GMR Kakinada SEZ signs MoU with Guizhou International Investment Corporation, China.
- GMR subsidiary signs MoU with Oman Airport Management Company for training and consultancy.
- GMR Kakinada SEZ signs MoU with JGC Corporation, Japan.
- GMR Infra issues rights to shareholders in 3:14 ratio.
2016
- GMR commissions 5MW solar power plant at Hyderabad International Airport.
- GMR gets CERC nod to revise power tariff for Kamalanga plant.
- GMR led consortium bags Rs 2,280.7 cr railway project.
- GMR Airports wins North Goa’s greenfield Mopa Airport.
- GMR wins arbitration against Maldives government; receives US$270 million compensation.
2017
- DIAL signs land license agreement with Airbus India for full flight simulator.
- GMR Infrastructure Ltd to develop new international airport in Greece.
- GMR Airports wins greenfield Heraklion Airport in Crete, Greece.
- GMR Goa International Airport concludes fundraising for Mopa Phase-1.
- GMR Institute of Technology awarded India's second most clean campus by AICTE.
- GMR led DIAL set for Delhi Airport expansion.
2018
- GMR Infra JV opens new Terminal T2 at Mactan Cebu International Airport.
- GMR Infra arm signs pact with APGDC for piped natural gas supply.
2019
- GMR and Terna sign concession agreement for new airport in Greece.
- GMR inks share purchase agreement with Tata Group and other investors for airports.
- GMR Hyderabad International Airport introduces India’s first FASTag car park.
- GMR Megawide Cebu Airport bags world architecture award.
2020
- GMR Airports Limited receives Letter of Award for Bhogapuram Airport.
- GMR Visakhapatnam International Airport Limited signs concession agreement for Bhogapuram Airport.
- Completion of strategic partnership with Groupe ADP for airports business.
2021
- GMR Group signs MoU with Airbus for aircraft maintenance and airport services.
- District Collector inaugurates oxygen plant at GMR Varalakshmi Care Hospital at Rajam.
2022
- Company name changed to GMR Airports Infrastructure Ltd. from GMR Infrastructure Ltd.
2023
- GMR Airports Infrastructure Limited announces merger of GMR Airports Limited.
2024
- Company name changed from GMR Airports Infrastructure Ltd. to GMR Airports Ltd.