Dec 12, 2013, 10.41 AM IST
The consortium beat six others at an auction on Thursday by offering a premium of 14.4 billion pesos for the project at Mactan-Cebu International Airport.
Tags GMR Infrastructure, Philippines' Megawide Construction Corp, Mactan-Cebu International Airport
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GMR, Megawide set to win $400mn Philippine airport contract
The consortium beat six others at an auction on Thursday by offering a premium of 14.4 billion pesos for the project at Mactan-Cebu International Airport.
Like this story, share it with millions of investors on M3
GMR, Megawide set to win $400mn Philippine airport contract
The consortium beat six others at an auction on Thursday by offering a premium of 14.4 billion pesos for the project at Mactan-Cebu International Airport.
The consortium beat six others at an auction on Thursday by offering a premium of 14.4 billion pesos for the project at Mactan-Cebu International Airport, one of several infrastructure projects offered under a public-private partnership scheme.
The amount was higher by about 400 million pesos than that of the second-place bid from a consortium led by Filinvest Development Corp and Changi Airports Saudi.
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Other consortia were led by Metro Pacific Investments Corp, San Miguel Corp, First Philippine Holdings Corp, Ayala Corp
GMR Infra stock price
On December 12, 2013, at 11:12 hrs GMR Infrastructure was quoting at Rs 21.95, up Rs 0.10, or 0.46 percent. The 52-week high of the share was Rs 25.00 and the 52-week low was Rs 10.65.
The company's trailing 12-month (TTM) EPS was at Rs 0.12 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 182.92. The latest book value of the company is Rs 18.46 per share. At current value, the price-to-book value of the company is 1.19.
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