GMR Infrastructure raises substantial sum of Rs.24.75 Bn

A prominent player in infrastructure sector of India, GMR Infrastructure has raised a funding sum of Rs 24.75 billion to refinance its offered debt. The leading financial entities including JP Morgan and Tata Cleantech Capital have infused their funds and notable support to the company with substantial sum of funds.

The key objective of this financial operation is to embark on the debt refinancing with particular focus on the Goa airport operated by GMR Infrastructure. This financial add on allows the company to restructure the strategic debt and standardize their position for fortified growth. The action of GMR undertaking the Goa project set to contribute to the entire development of the region’s infrastructure and benefit from capital reinforcement.

The major key move of GMR infrastructure replicates not only its proactive approach to enhance the financial holdings but also the confidence of renowned financial entities including JP Morgan and Tata Cleantech Capital in the projects of GMR Infrastructure. The infrastructure and finance sectors in India is undergoing a huge successive mobilization of funds and indicating the sustained progressive momentum.

GMR Group, one of the greatest rising infrastructure ventures in the country with rich experience in infrastructure sectors across three decades. With their vivacious project portfolio, GMR is exclusively positioned to build state of the art projects in various sectors.