Epic Research

Friday, April 11, 2014

Epic Research Update : GMR Infrastructure

Epic Update GMR InfrastructureGMR Infrastructure has completed Chennai outer ring road phase I project. Government of Tamil Nadu and all concerned agencies issued a provisional Certificate for Completion with effect from June 15, 2013 for Group’s Chennai Outer Ring Road project. This milestone will add to the cash-flow of GMR by Rs 118 crore every year for the next 17 and half years. It adds almost Rs.95 Crore to the revenues of Road Project in the year just ended on 31st March 2014.

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