GMR Infrastructure Ltd’s two main businesses of energy and airports are still not out of the woods. The company’s shares have fallen by 13% since its March quarter results were declared five days ago.
Investors were unimpressed by the auditor’s qualification of a ₹2,255 crore impairment loss on a stranded power project. Even GMR Infra’s defence that the project has been referred for Special Debt Restructuring, and the onus is now on the bankers, did not help.
Latest posts by Livemint (see all)
- HPCL Arm Prize Petroleum Takes A ₹ 24.41 Crore Hit - August 20, 2018
- Coal India Expects 367 Mt Output From 115 Projects In 2018-19 - August 20, 2018
- BPCL Mumbai unit to remain shut for at least 2 months after fire - August 18, 2018