New Delhi: Infrastructure major GMR has decided to shift its group headquarters from Bengaluru to Delhi. The plan will entail relocation of the group’s corporate offices for its energy, airports and highways & urban infrastructure businesses to the national capital.
The move will help the group synergise its operations, currently in Nagpur, Raipur, Bhubaneswar (power business), Hyderabad and Delhi (airports). The group at present does not have any operating project that its could oversee in Bengaluru.
The shifting of base will also entail relocating a little more than 500 employees. The group, which has set a deadline of March 31 next year for a smooth transition, is close to zeroing in on real estate to set up the new headquarters. A spokesperson for GMR, however, refused to comment on the issue.
08/12/14 Surajeet Dasgupta/Business Standard
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The move will help the group synergise its operations, currently in Nagpur, Raipur, Bhubaneswar (power business), Hyderabad and Delhi (airports). The group at present does not have any operating project that its could oversee in Bengaluru.
The shifting of base will also entail relocating a little more than 500 employees. The group, which has set a deadline of March 31 next year for a smooth transition, is close to zeroing in on real estate to set up the new headquarters. A spokesperson for GMR, however, refused to comment on the issue.
08/12/14 Surajeet Dasgupta/Business Standard
