Construction firm GMR Infrastructure Limited (GIL) has informed that its board of directors at a meeting has approved the proposal of amalgamation of GMR Aviation (P) with the company.

The company will widen the objects clause of Memorandum of Association by including the aviation and other businesses, an official release stated.

GMR Infrastructure Ltd (GIL) has four principal business verticals namely, Airports, Energy, Highways and Urban Infrastructure. These are administered through Special Purpose Vehicles for the operations and management of various infrastructure projects.

GMR Infra, through its consortium, currently operates three international airports at New Delhi, Hyderabad and Istanbul.

GMR Infrastructure has announced a consolidated net profit of Rs 50.02 crore for the quarter ended March 31, 2008, an increase of 129% compared to Rs 21.85 crore for corresponding period, last fiscal.