The airport construction specialist is looking for coal mines acquisition especially in the wake of increased demand for coal. The company is offering equity worth of the Rs 3,965 crore   to Qualified In­stitutional Buyers (QIB) for the purpose.  The procured funds will be utilised for the acquisition of coal mines.  GMR had allotted its shares with a face value of Rs1 at a premium of Rs 238 per share. The Management Committee of the board of directors at its meeting approved the allotment of shares to QIBs. GMR’s investment plan in coal fields has strategic importance. The country is aiming to create 400000 MW electricity through ten coal based Ultr