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GMR Group: Astute damage control
Jan 05:   Unlike other conglomerates, the GMR group seems to have astutely avoided a debt trap as far as its energy vertical goes.
8By undertaking SDR for two power projects (Chhattisgarh & Rajahmundry), selling transmission assets (Maru & Aravalli) and inducting Tenaga as a strategic partner in GMR Energy with a 30% stake, GMR is now left with those assets which are on the verge of turnaround due to tariff increase and backed by long term PPAs & confirmed linkages (Warora &  Kamalanga) or those plants which are debt free (Vemagiri & Kakinada).
8As a result, energy vertical’s debt has come down
8Expect more action on the asset disinvestment front, as GMR begins to consolidate itself as an airport-centric company
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