Airports Business FY21 Highlights
Urban Infrastructure – Potential to Unlock Value
GAR
Kakinada Special Investment Region: ~10400 Acres
Divestment¹ of Group's entire stake in KSEZ²
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Signed Definitive Agreements for divestment by GSPHL³ 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
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Received INR 1214 Cr as of March 31, 2021 and INR 130 Cr in Q1FY22
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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 TIDCO5
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 | Entrepreneurship | Teamwork and Relationships | Deliver the Promise I Learning and Inner Excellence I Social Responsibility I Respect for Individual
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