‘DIAL Look­ing to De­velop Re­tail As­sets’

The Economic Times - - Companies -

GMR In­fras­truc­ture on Wed­nes­day said its sub­sidiary DIAL has short­listed play­ers for sub­mit­ting fi­nan­cial bids in or­der to de­velop re­tail as­sets on nearly 23 acres of land at the Delhi air­port. Delhi In­ter­na­tional Air­port, a joint ven­ture where GMR group is the ma­jor­ity stake­holder, is op­er­at­ing the air­port in the na­tional cap­i­tal. Other stake­hold­ers are Air­ports Au­thor­ity of In­dia and Ger­many's Fra­port. The Re­quest for Qual­i­fi­ca­tion, the first stage of the bid­ding process, was ini­ti­ated on Novem­ber 5, 2015. Ap­pli­ca­tions from en­ti­ties with rel­e­vant ex­pe­ri­ence and fi­nan­cial ca­pac­ity were sought.

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