GMR AIRPORTS Share price

History and Corporate StructureThe Company was originally incorporated on May 10 1996 as a public limited company called Varalakshmi Vasavi Power Projects Limited in Hyderabad Andhra Pradesh. On May 23 1996 we received a certificate of commencement of business. On May 31 1999 the name was changed to GMR Vasavi Infrastructure Finance Limited. Thereafter on July 24 2000 the name of the Company was changed to GMR Infrastructure Limited. On October 4 2004 the registered office of the Company was shifted from the State of Andhra Pradesh to the State of Karnataka.The Company is an infrastructure holding company formed to fund the capital requirements of the GMR Group?s initiatives in the infrastructure sector. GIL is engaged in development of various infrastructure projects in Power Road and Airport Business through several special purpose vehicles.History and Major EventsThe chronology of key events since our Company was incorporated in 1996and its Subsidiaries is as follows:Year Key Events Milestones and AchievementsMay 1996 GII incorporated as Varalakshmi Vasavi Power Projects Limited a public limited company September 1996 Signing of Power Purchase Agreement for Chennai Power Plant December 1997 Signing of Power Purchase Agreement for Mangalore Power Plant December 1998 Commercial Operation of first generator of Chennai Power Plant May 1999 Changed the name to GMR Vasavi Infrastructure Finance Limited. July 2000 Changed the name to GMR Infrastructure Limited.May 2001 GMR Consortium qualified as preferred bidder for Hyderabad International Airport June 2001 Commenced simple cycle operation of Mangalore Power Plant October 2001 Signing of Concession Agreement for Tuni-Anakapalli and Tambaram-Tindivanam Road Projects November 2001 Commenced combined cycle operations of Mangalore Power Plant May 2003 Arbitration decision on interpretation of PPA for Mangalore power plant June 2003 Signing of Power Purchase Agreement for Vemagiri Power Plant July 2003 GMR Consortium selected as developer of Hyderabad International Airport September 2003 Signing of State Support Agreement for Hyderabad International Airport December 2003 Financial closure of Vemagiri Power PlantMarch 2004 India Development Fund subscribes to 15.10% of GMR Energy and balance held by other companies in the GMR GroupOctober 2004 Achieved commercial operation of Tambaram-Tindivanam Road Project December 2004 Signing of Concession Agreement for Hyderabad International Airport December 2004 Achieved commercial operation of Tuni-Anakapalli Road Project August 2005 Financial Closure of Hyderabad International AirportOctober 2005 Signing of Project Development Agreement for Alaknanda Hydro ProjectNovember 2005 Signing of Concession Agreement for Ambala Chandigarh Project January 2006 LOA received from AAI for Delhi International Airport Project. February 2006 Signing of Concession agreement for Faruknagar - Jadcherla road project March 2006 Signing of Concession agreement for Adloor - Yellareddy road project April 2006 Signing of OMDA and Shareholders Agreement for Delhi International Airport April 2006 Signing of Concession agreement executed for Tindivanam Ulundurpet project April 2006 Dismissal by the Delhi High Court of the writ petition filed by Reliance Airport Developers Limited challenging the bid process and awarding of the Delhi International Airport to GMR April 2006 Investment by ICICI Emerging Sectors Fund and IDF in the Company pursuant to respective shareholder agreements.May 2006 Effective date pursuant to OMDA for Delhi International Airport and financial closure of GMR Ambala-ChandigarhMay 2006 Investment by Quantun (M) limited and Puinjab National Bank in the Company pursuant to respective shareholder agreements.June 2006 Investment by Citigroup Venture Investments Mauritius Limited in the Company pursuant to respective shareholder agreements.