GMR Infrastructure increases its subsidiary company

14 Nov 2011 Evaluate

GMR Infrastructure, part of GMR Group - has increased its subsidiary company in accordance with the provisions of the Companies Act, 1956. GMR Business Process and Services, Asia Pacific Flight Training Academy and GMR Kishangarh Ahmedabad Expressways have become subsidiary company of GMR Infrastructure.

The company’s net profit for the quarter ended September 30, 2011 has jumped over six and a half fold at Rs 58.36 crore as compared to Rs 8.97 crore for quarter ended September 30, 2010. The company’s total income has zoomed 163.32% to Rs 337.94 crore for the Q2FY12 from Rs 128.34 crore for the corresponding quarter of the previous year.

The GMR Group is a Bangalore-headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure. GIL is the holding company for the infrastructure business of the GMR group.

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