Mumbai: GMR Infrastructure Ltd, which builds and operates airports in India and abroad, is planning to offer consulting services to international airports and is considering buying as much as 15% stake in some of them.
The Bangalore-based infrastructure company is in talks with international pension and sovereign funds to form partnerships so that it can jointly bid to offer services, including project management consulting, operating and management, bidding assistance, financial closure and advisory services, to airports.
“The decision to partner with international funds and offer consultancy services is a part of shifting our growth model of airports to include a services profile,” said Subba Rao Amarthaluru, GMR group’s chief financial officer (CFO). “We will be picking up a stake of up to 15% in those airports, which is mandatory in certain cases.”
“This will boost our return on equity without investing big capital. We are likely to finalize a few deals shortly,” Amarthaluru said. He, however, did not disclose details of the funds his company is in talks with or the names of airports he is keen to offer advisory services to.
Citing the example of Frankfurt Airport Services Worldwide, a global airport operator, which offers airport management services including terminal and traffic management, baggage and cargo handling, aviation ground handling, aviation security and consulting at GMR Infrastructure’s Delhi international airport for a fee, Amarthaluru said: “We will reverse the role in other airports like Frankfurt is to Delhi
GMR Infrastructure has developed and commissioned the greenfield international airport in Hyderabad Delhi International Airport Istanbul Sabiha Gokçen International Airport and has acquired the Ibrahim Nasir International Airport
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