Friday, August 31, 2007

GMR Infra to invest Rs 35,000 cr

Infrastructure major GMR Group, which has undergone organisational
restructuring, is likely to invest Rs 35,000 crore in the next five
years for expanding in various sectors such as airports and power at
home and abroad.

"Our advisors have been working with us to chart out future plans for
us in areas such as power, airports and special economic zones. We
have already formulated a strategy, which will see us expanding both
in India and overseas," GMR Group Chairman G M Rao said.

Asked if the group had planned an investment of about Rs 35,000 crore
in various areas, Rao declined to dabble into numbers. He, however,
said the group was actively pursuing all possible opportunities in
India and abroad.

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