Airports Business FY21 Highlights slide image

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 - 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 - 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 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 32 32
View entire presentation