Mumbai: GMR Infrastructure Ltd on Tuesday said that GMR Hyderabad International Airport Ltd (GHIAL), a subsidiary of the Company, which is developing the international airport in Shamshabad, has decided to provide additional facilities at the new Airport for catering upto 12mn passengers to meet the growing demand for air travel.
The company said that for meeting this additional expenditure, GHIAL has decided to inject an additional investment of Rs5.23bn including the investment in fuel farm facilities. The company intends to raise the amount for the additional investment by way of 100% debt from leading banks. With the infusion of this additional investment, the total project cost will now be Rs22.83bn.
18/10/06 India Infoline.com
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Wednesday, October 18, 2006
GHIAL to invest Rs5.23bn more in airport project
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