The debt-laden company, which recently won its first railway construction project, is looking at a four-fold increase in its order book next year.
“For a construction project with monthly payment by the client, no investment is required by the group in terms of equity or borrowing.
“Also, the risks are lower as compared to public private partnership projects,” said Arun Kumar Sharma, chief executive of GMR Urban Infrastructure & Highways.
The infrastructure development company also has an engineering, procurement and construction arm, which was set up for captive construction of its own projects.
However, it has been winning orders from outside the company as well.
GMR recently won an order to construct a 67-km railway line between Jhansi and Erich Road in Uttar Pradesh.
The project is worth Rs 267 crore (Rs 2.67 billion), in which GMR has a share of Rs 135 crore (Rs 1.35 billion).
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