GMR focuses on EPC infra projects

    Low Investment Infra Projects
    The debt laden GMR Group in its scheme of things, has decided to focus on the low investment infra projects and to freeze capital expenditure for selected verticals, as the Bengaluru-based infrastructure player tries to pare its debt and strengthen its balance sheet, said an industry insider, adding that the company is consistently selling assets in sectors such as airports, power, roads, and coal mines to reduce its liabilities to the tune of Rs. 7,300cr, As a matter of fact, the company is looking at capital-light contracts that require lower investment such as Engineering, Procurement and Construction (EPC) projects. GMR Group will also allocate additional capital expenditure in energy and highway projects. Alongside, it will also sell its selected assets and raise fresh capital to reduce debt. A case in point is that, of two projects awarded to GMR Infrastructure on the eastern dedicated freight corridor involves constructing 221-km of roads at a cost of Rs. 2,280.70-cr on EPC basis as it requires minimum investments, since the project is being financed by the World Bank.
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