Economic Value Added and Market Value Added GMR Infrastructure Limited-An Analytical Study

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India's overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country. GMR Group is a leading global infrastructure conglomerate with interests in Airport, Energy, Transportation and Urban Infrastructure. The group has fifteen power generation projects, nine operating road assets and a double rail track line of eastern dedicated freight corridor under development. With this regard, this study throws a light on evaluating the performance of GMR Infrastructure Limited through Economic Value Added and Market Value Added. (Ashok Benarjee, IIM Lucknow, in his Research paper, explains the relationship between the two values based measures EVA and MVA (Market Value Added) Dr. Shipna putry in her research work, analyzed the EVA in the two sectors-Power and IT. GMR Infrastructure Limited was taken for this study to analyze its shareholders value creation through Economic Value Added and Market Value Added. As per the analysis company performance is satisfactory with positive values for the years taken for the study.