Maldives Setback Could Worsen GMR's Airport Woes ; for G.M. Rao, the Founder-Chairman of GMR Group, Entering the Airport Sector Was a Bold Step, but One Which Has Yet to Reward Him. the Airport Vertical of GMR Infrastructure Is Bleeding, with Losses of Rs 557.9 Crore in 2011-12 and Rs 47.5 Crore in the First Half of the Current Fiscal Year

First generation entrepreneur Grandhi Mallikarjuna Rao was also the first Indian businessman to enter the airport infrastructure sector. He bagged the contract to build a new airport in Hyderabad, the capital of his home state Andhra Pradesh in 2002, under the public-private-partnership model, two ... (Publication: Business Today)