GMR:Will This Be The Next Big Story?

18 Nov

Posted by Shyam as Market News

GMR which stands for Grandhi Mallikarjuna Rao,as we all know, is one of the leading Indian Infrastructure companies.Of late there has been much talk on this script in the share markets.So lets have a look at the over all prospectus of the company in detail.

GMR was actually founded some 30 years back by Mr.Grandhi Mallikarjuna Rao,basically as a jute manufacturing company.From there slowly it grew into the infrastructure space which is now worth 38,122 crore of market cap.Presently it has got presence in many areas such as Airport,Energy,Urban Infrastructure and Highways,Agri Business,Corporate and internal services.See how the empire of GMR has spread all over India.

1.Delhi Airport — Modernisation Project.

2.Uttarakhand — 140 MW Hydro Project.

3.Ambala-Chandigarh–Express Highway.

4.Mangalore — Barge based Power Plant.

5.Chennai — 200Mw Diesel Power Project.

6.Arunachal Pradesh — 160 MW Hydro Project.

7.Orissa — 1050 MW Thermal Project.

8.Chhattisgarh –1000 MW Thermal Project.

9.Hyderbad — Airport Green Field Project.

10.Vemagiri — 370 MW Power Project.

And finally the latest project in their kitty is $2.7 Billion deal for the Sabiha Goken Airport at Turkey.And this project is surely going to take the company into the next era of globalisation.The company is targeting operational assets of over $10.5 billion(Rs 42,000Cr) in the next 4 years as compared to Rs 14,000 crore now.Its Airports at Delhi and Hyderbad handle one third of country’s traffic,it is generating 4000 MW of power and has already built 450-500 km of roads across the country.The company sees a lot of growth opportunities in the coming years as in the 11th 5 year plan the country’s infrastructure investment is going to be around $320 billion or Rs 12,80,000 crores.

The net revenue of the company was up by 26.51 % or 395 crores as per the results announced by the company in the second quarter.There has a good price movement in its stock price of late.And as always we have been bullish on this script right from the beginning.And after the stock split which occurred on Oct 8th the stock has been doing very well.So we feel its a stock for the long term and it shall give some decent returns in near future.

Popularity: 1% [?]

Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages.