Processing .....please wait.. 
The article has been forwarded.... 
GMR Infrastructure to raise 
15 Billion via private equity route
By SiliconIndia | Monday, 08 February 2010, 21:38 Hrs
Bangalore: GMR is in talks with various private equity funds to raise approximately 
15 billion for its power subsidiary GMR Energy. With the raised fund, the Bangalore based GMR plans to increase its power generation capacity to 3,300 MW in the next three years from a little over 800 MW now, according to a report.
The company is also in talks with U.S. fund Carlyle and IDFC Private Equity, a unit of India's Infrastructure Development Finance, but Temasek is the frontrunner, according to one source. The company is engaged in managing airports, roads and power plants in India, has benefited from a government focus on infrastructure. Its operations outside India include power plants in Europe, Mexico and Australia, and Istanbul airport. It has four segments: power, roads, airport infrastructure and others. The company has three operational power plants, namely the 220 megawatt gross-capacity, naphtha-fired combined cycle Mangalore power plant in Mangalore in the state of Karnataka, the 200 megawatt contracted capacity LSHS-fired Chennai power plant in Chennai in the state of Tamil Nadu and the 388.5 megawatt gross-capacity gasfired combined cycle Vemagiri power plant in Vemagiri in the state of Andhra Pradesh. GIL commenced the construction business as a separate operating division on April 1, 2009.
15 billion for its power subsidiary GMR Energy. With the raised fund, the Bangalore based GMR plans to increase its power generation capacity to 3,300 MW in the next three years from a little over 800 MW now, according to a report.The company is also in talks with U.S. fund Carlyle and IDFC Private Equity, a unit of India's Infrastructure Development Finance, but Temasek is the frontrunner, according to one source. The company is engaged in managing airports, roads and power plants in India, has benefited from a government focus on infrastructure. Its operations outside India include power plants in Europe, Mexico and Australia, and Istanbul airport. It has four segments: power, roads, airport infrastructure and others. The company has three operational power plants, namely the 220 megawatt gross-capacity, naphtha-fired combined cycle Mangalore power plant in Mangalore in the state of Karnataka, the 200 megawatt contracted capacity LSHS-fired Chennai power plant in Chennai in the state of Tamil Nadu and the 388.5 megawatt gross-capacity gasfired combined cycle Vemagiri power plant in Vemagiri in the state of Andhra Pradesh. GIL commenced the construction business as a separate operating division on April 1, 2009.
Don't Miss ( 1-5 of 15 )
Post your Comment
All form fields are required.
Write your comment now
Beautiful and dress selection, please go to Dresses
Sign Up for DailyDose and Read the Day's Highlights
Email:
 |
SiliconIndia:
About Us |
Contact Us |
Help |
Community rules |
Advertise with us |
Sitemap
News:
Technology |
Enterprise |
Tech Products |
Startups |
Finance |
Business |
Career |
Magazine |
Dailydose |
News archive
Career:
Jobs |
Companies |
Mentorship |
Videos |
Career blogs |
Training Institute |
Freshers
Online courses:
Web developer |
Java developer |
CCNA training |
SEO |
SAS |
SQL server 2005 |
J2EE
Education:
MBA |
MCA |
Engineering |
Overseas Education |
Internship
Life:
Jokes |
Bookstore |
Relocate |
Marketplace
Cities:
Startup |
Real estate |
Finance
Send your and help us continue to improve SiliconIndia
© 2012 SiliconIndia all rights reserved
© 2012 SiliconIndia all rights reserved