GMR Infrastructure, promoted by the Bangalore-based GMR group, has posted consolidated a net profit of Rs.53.24 crore for the quarter ended March 31, as against Rs.50 crore in the corresponding quarter the previous fiscal, an increase of 6.43 percent, the company announced Friday.
"Despite the recessionary trends in the economy and the effects of the global meltdown, the GMR group has been able to demonstrate peak revenue growth, spotless project execution, improved operational efficiency and timely funding for all its projects and acquisitions," GMR chairman G.M. Rao said.
In a regulatory statement, the company said its stand-alone net profit for the last quarter of 2008-09 stood at Rs.9.32 crore, as compared to the Rs.3.74 crore posted in the same quarter the previous year - a decline of 75.05 percent.
It posted a net profit of Rs.97.67 crore in 2008-09 as compared to Rs.62.69 crore the year before. Total income similarly increased from Rs.112.2 crore in 2007-08 to Rs.165 crore for the year under review.
Showing posts with label GMR Projects Pvt. Ltd.. Show all posts
Showing posts with label GMR Projects Pvt. Ltd.. Show all posts
Friday, June 5, 2009
Thursday, June 19, 2008
GMR awards toll project contract to Allied Digital
Allied Digital Services Ltd (ADSL), an IT infrastructure management services provider, has bagged a Rs.200 million contract for implementation of toll collection and traffic control solution from leading developer GMR Projects Pvt. Ltd.
GMR has contract of developing four national highway awarded by the National Highway Authority of India (NHAI) that includes the Ambala-Chandigarh Expressway, Jadcherala Expressway, Pochampally Expressway and GMR Ulundurpet Expressway.
ADSL will implement and manage IT infrastructure, intelligent video surveillance, unified communication, automated access traffic controls, and optical scanners for vehicle classification for all the four location, which will be completed by the end of this year.
"Infrastructure companies are showing great interest in IT players to provide infrastructure solutions for their growing business needs," ADSL chairman and managing director Nitin Shah said. "In India, the toll market plays a significant role in this sector and is expected to grow substantially, especially in the light of road projects.”
"The toll market appears very attractive in terms of sheer size and growth potential for the IT industry. It will undoubtedly be a booming business over the next 10 years”, he added.
GMR has contract of developing four national highway awarded by the National Highway Authority of India (NHAI) that includes the Ambala-Chandigarh Expressway, Jadcherala Expressway, Pochampally Expressway and GMR Ulundurpet Expressway.
ADSL will implement and manage IT infrastructure, intelligent video surveillance, unified communication, automated access traffic controls, and optical scanners for vehicle classification for all the four location, which will be completed by the end of this year.
"Infrastructure companies are showing great interest in IT players to provide infrastructure solutions for their growing business needs," ADSL chairman and managing director Nitin Shah said. "In India, the toll market plays a significant role in this sector and is expected to grow substantially, especially in the light of road projects.”
"The toll market appears very attractive in terms of sheer size and growth potential for the IT industry. It will undoubtedly be a booming business over the next 10 years”, he added.
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