GMR Infra sets up construction divisionMarch 25th, 2009 - 6:47 pm ICT by IANS
New Delhi, March 25 (IANS) GMR Infrastructure, the Bangalore-based infrastructure developer focussed on airports, power and highways, Wednesday announced the setting up of a separate division for the construction business.
“This strategy would progressively lead to the backward integration of the company’s infrastructure projects, the construction component whereof has so far been outsourced to reputed construction companies,” the company said in a regulatory statement.
This construction division would primarily handle the projects of the company implemented through its subsidiaries.
“This also reinforces risk management processes of the company, better cost management of the company’s projects besides enhancing the synergies and operational advantages thereof,” the statement said.
Tags: airports, backward integration, construction business, construction companies, construction component, construction division, cost management, highways, infrastructure projects, march 25, New Delhi, operational advantages, risk management processes, subsidiaries, synergies