Business News

Published: Wednesday August 7, 2013 MYT 2:31:00 PM
Updated: Wednesday August 7, 2013 MYT 2:34:51 PM

Khazanah Nasional eyes Bangalore-based GMR Infrastructure’s four road assets

NEW DELHI, Aug 7 (Bernama): Khazanah Nasional Bhd, is said to be the frontrunner to buy Bangalore-based, GMR Infrastructure’s, four road assets, according to media reports here.

It was reported that GMR plans to sell these assets for around Rs1,500 crore to Rs2,000 crore (RM789mil to RM1.05bil) to ease the firm’s liquidity pressure and to pare down debts.

Earlier reports said Pochanpalli Expressways, Ulundurpet Expressways, Hyderabad-Vijaywada and Hungund Hospet as the assets on the table.

Pochanpalli, a 412Km road project between Adloor-Yellareddy and Gundla Pochanpalli on NH7 in Hyderabad, Andra Pradesh, commenced commercial operations in March 2009. 

Ulundurpet is a 292Km stretch between Tindivanam and Ulundurpet on NH45, Tamil Nadu, which started commercial operations in July 2009. 

Vijayawada-Hyderabad is a 272Km expressway while Hungund Hospet is a 99.05Km Expressway in Karnataka state.

Tags / Keywords: Business News


  1. Wall Street rejects billionaire Ackman's Herbalife 'death blow', shares rise 25%
  2. Escalating land cost in KL and PJ driving developers south of Klang Valley
  3. Vun, 6 others charged with rigging in DVM Tech shares
  4. Call in the consultants to advise coffee connoisseurs
  5. MRT Corp voices concerns, worried about LRT 3 integration point at Bandar Utama
  6. Maxis Q2 earnings at RM446mil, dividend 8 sen a share (Update)
  7. Public Invest Research sees SHL Consolidated worth RM1b
  8. Cultivating habits for success
  9. Rate hike likely to impact car loans
  10. Plan for 2 convention centres in Iskandar to capture Mice market