GMR Infrastructure to develop Mopa airport in Goa

GMRINFRA Infra major GMR Infrastructure Limited 's subsidiary GMR Airports Limited (GAL) has won bid for development and operation of Mopa Greenfield Airport in North Goa. The airport will be built under the BOT (Build Operate Transfer) model. Its total ordersize is Rs 3300 crore, sources say. The concession period for the Greenfield project is 40 years, which can be further extended to another 20 years through a bid process.

GMR on weekly chart is breaking out of cloud after nearly a year of consolidation. Infra stocks generally are looking better and GMR's first target is around 18 levels and next few months expect around 25. Use stoploss around 12 levels. Trade with caution and do your own research.