Cyril Amarchand Mangaldas (CAM) advised GMR Visakhapatnam International Airport (GMR) on financing of Bhogapuram International Airport by way of a rupee facility of INR 3,215 crore from a consortium of 5 banks/financial institutions led by India Infrastructure Finance Company Limited. The proceeds of the loan will be utilized towards construction and development of Phase – I of Bhogapuram International Airport, which will cater…
GMR Visakhapatnam International Airport Limited, a 100% subsidiary of GMR Airports Ltd, announced that it has signed the Concession Agreement for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh with the Government of Andhra Pradesh. In April 2020, GAL had received the Letter of Award for implementation of project on…
GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Ltd, announced that it has received the Letter of Award (LoA) for the development and operations of Greenfield international airport at Bhogapuram in Andhra Pradesh from the Government of Andhra Pradesh. In February 2019, GAL had emerged as the highest bidder for project on a PPP…