In a bid to deleverage its balance sheet by selling non-core assets, GMR Infrastructure is reportedly planning to exit part of its Nepal Assets. In this regard, GMR is assessing valuation on Nepal Assets.
GMR Energy and GMR Infrastructure are likely to exit Upper Karnali Project. The project was awarded to GMR consortium after the Cabinet approval of Government of Nepal based on the International Competitive Bidding (ICB) process which followed a rigorous multi-layered evaluation process.
GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. The company has 14 power generation assets of which 8 are operational and 6 are under various stages of development and 8 Road assets, of which 7 are operational and one is under construction.
GMR Energy and GMR Infrastructure are likely to exit Upper Karnali Project. The project was awarded to GMR consortium after the Cabinet approval of Government of Nepal based on the International Competitive Bidding (ICB) process which followed a rigorous multi-layered evaluation process.
GMR Infrastructure is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. The company has 14 power generation assets of which 8 are operational and 6 are under various stages of development and 8 Road assets, of which 7 are operational and one is under construction.
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