It added that the Concession Agreement was wrongfully repudiated by the Government of Maldives and Maldives Airport Company Limited on 29th...

GMR Infrastructure got a big relief in its ongoing arbitration in Maldives after the tribunal there ruled that the damages to be paid by th...

MR Infra said the assessment of compensation amount payable by the Maldives govt related to Mali airport agreement is expected to be comple...

The company has interests in Airports, Energy,Highways and Urban Infrastructure sectors. It has 15 Power generation plants of which 8 are o...

GMR entered into a Concession Agreement with Government of Maldives for modernisation and operation of INIA in 2010.

The contract was unilaterally terminated by the Maldives government, which initiated arbitration proceedings on November 29, 2012.

ACI apprehends the Maldives government's motive to transfer the disputed Airport to a wholly-owned subsidiary of the current operator MACL.

The transfer process was very smooth & there would be three-week transition period during which GMR and MACL will work together; Waheed's P...

Axis Bank leads a clutch of lenders, which includes Indian Overseas Bank and Indian Bank, with exposure to the airport project.

Terminating the $511 mn contract with GMR on Nov 27, Maldivian govt had given time till tonight to the Bangalore-based firm to handover the...

“We wanted to explain how ruinous this deal was for Maldives & to seek PM's intervention in perhaps convincing GMR to renegotiate.

Maldives today asserted that it will go ahead with the takeover of the Male International Airport from GMR later this week.

The Singapore HC stayed the Maldives government's decision to terminate the $500 million contract awarded to infrastructure major GMR-led c...

Khurshid has termed as "unlawful" the decision by the Maldives to terminate a contract with the GMR under which the Indian company was to o...

The company said that this unlawful and premature notice on the pretext that the Concession Agreement is void is completely devoid of any l...

The new government, headed by President Mohamed Waheed, has asked GMR to temporarily halt the development of a new terminal at INIA.

The total cost of the modernisation and expansion project, estimated at $511 million, is being funded through a combination of debt and equ...