GMR Airports, a subsidiary of GMR Infrastructure has won the international competitive bid for development and operation of Mopa Greenfield Airport in North Goa. As a result GMR Infrastructure shares surged over 9 per cent on Monday.
GMR Airports was selected to create and operate the new INR30 billion (US$446 million) Mopa Airport on a greenfield site in the state, following a competitive bidding process. It won the bid ahead of Airports Authority of India and a consortium involving South Korean’s Incheon airport group.
GMR Infrastructure stocks were trading were 2.67 per cent up at Rs 13.44. The scrip opened at Rs 14.20 and touched a high and low of Rs 14.30 and Rs 13.40, respectively, in trade so far. Sensex was trading 66.97 points down at 27,715.28.