GMR incorporates new subsidiary

Hyderabad: GMR Infra incorporated a subsidiary called GMR Airport Handling Services Limited (GAHSL). “The company has been set up for ground-handling services.

Though it will take some time before it commences business activity, we can start off the services in a small way,” Mr A. Vishwanath, Chief Commercial Officer (CCO) of GMR Hyderabad International Airport Ltd, said.

The Ministry of Civil Aviation guidelines allow for three operators one national ca rrier, another through international bidding and the third one could be started by the airport operator itself.

GMR Infrastructure informed the BSE that GHIAL, its subsidiary, held 49,999 equity shares in the new company.