Airport and Energy Business Overview
-
Urban Infrastructure – Potential to Unlock Value
GAR
Kakinada Special Investment Region: ~10400 Acres
Divestment of Group's entire stake in KSEZ2
-
Signed Definitive Agreements for divestment by GSPHL 3 of its entire 51% stake in KSEZ2 to Aurobindo
Realty and Infrastructure Pvt. Ltd
100% equity stake of KGPL4 held by KSEZ2 would also be transferred to Aurobindo Realty
Received and closed -79% of the deal
-
-
-
Received INR 1214 Cr as of March 31, 2021 and INR 130 Cr in Q1FY22
Balance amount of INR 348 Cr (out of the total upfront consideration of INR 1692 Cr) expected to be
received shortly, tentatively by July 2021 as certain Govt. approvals were awaited which have now
been received
Additionally, INR 1027 Cr is to be received in next 2-3 years which is contingent upon certain agreed
milestones
Krishnagiri Special Investment Region: ~1900 Acres
.
~300 acres under sale to Indian Multinational
~425 acres under discussion for sale to GoTN agency
Next phase of development underway for ~300 acres under Joint Venture with TIDCO 5
Industrial cluster catering to electronics, automobile, logistics, engineering and aerospace sectors
Note: 1) subject to receipt of regulatory and other statutory approvals 2) Kakinada SEZ Limited, 3) GMR SEZ and Port Holding Limited - wholly owned subsidiary of GMR Infrastructure Ltd, 4) Kakinada Gateway Port
Limited, 5) Tamil Nadu Industrial Development Corporation - TIDCO is a governmental agency in the state of Tamil Nadu, India
Humility I Entrepreneurship I Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence | Social Responsibility I Respect for Individual
32
22View entire presentation