GMR Infra setting up 2 teams to look for new projects

New Delhi: Fresh from its recent success in Turkey, GMR Infrastructure plans to set up two teams to look for business opportunities in energy, roads and airport projects in India and abroad, a senior company officer said on Wednesday.
“We have identified these areas as strategic growth areas. The company should have little problem in financing such projects as it enjoys a debt equity ratio of 1:1 that should help us raise close to $2 billion. The company therefore has enough debt leveraging capability,” the Chief Financial Officer, Corporate Strategic Finance, GMR Group, Mr Madhu Terdal, told Business Line. The composition of the two teams and also who would head them are yet to be finalised, he said .
The group decision comes a day after a joint consortium that included GMR Infrastructure won the contract to develop Sabiha Gokcen International airport in Turkey.
11/07/07 Moneycontrol.com

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Categories: Airports Jul 2007, Foreign Jul 2007, New Jul 2007