GMR Infra is one of the largest infrastructure companies in India, with a $1.5 billion market cap.
GMR Infrastructure (GMRI) has seen its stock price fall sharply in recent months. The Indian infrastructure company was one of the country’s most respected firms before Prime Minister Narendra Modi came to power in 2014. Since then, however, GMR has been hit by allegations of corruption and falling revenue. In fact, GMR Infra is down 45% from its peak in 2015.
What is GMR Infra?
GMR Infrastructure (GMRI) is one of the largest infrastructure companies in India. It operates through two segments: airport services and highways construction and operation. The company’s airport services include providing terminal building operations and ground handling services at airports across India. Meanwhile, its highways segment includes building expressways and toll roads across India.
Why has GMR fallen so much?
GMR Infrastructure was once one of the most respected companies in India. However, it has been hit by several scandals since Prime Minister Narendra Modi came to power in 2014. Many investors are concerned that these scandals will tarnish the company’s reputation permanently and that it will be unable to generate as much revenue as it did previously.
