Grey is Not All that Rosy: A Case Study on GMR Infrastructure Limited

Abstract

GMR Infrastructure Limited is a leading player of Indian Infrastructure sector. It has presence in power, airports, highways, SEZ etc. GMR has been growing fast in the last one decade and along with the growth, it has also faced many challenges. Major challenges came from the very basic characteristics of infrastructure industry such as high capital requirement and long gestation period. There were also challenges from political and policy environments. These are common for any player in infrastructure sector. But, managing the challenges, surviving and emerging successful, depends on the strategy development and implementation. This case deals with the specific strategies that GMR has embraced to pursue survival, stability and growth. In particular, the case focuses on how GMR managed its financial stability, so that, it could pursue growth unabated.