gmr airports

Exciting changes are on the horizon for Nagpur Airport as GMR Group gears up to take over operations in just two weeks. The ambitious project involves a comprehensive overhaul of the current terminal and the introduction of a state-of-the-art modular facility, strategically designed for future growth and capable of accommodating 30 million passengers a year.

Delhi Airport's 1986-era Terminal 2 is slated for abandonment by 2033 as the GMR-run DIAL plans to expand the mammoth Terminal 3. A new fifth pier, Pier E, with a capacity of 1.2 crore passengers annually, will absorb T2's domestic traffic. The timing of Pier E's construction and an automated people mover are central to the new master plan.

Delhi's IGI Airport, managed by GMR Group, has expanded its capacity to handle 10.5 crore passengers annually, with current traffic at 7.9 crore. The airport is prioritizing an automated people mover and enhancing city-side connectivity. Despite short-term impacts from geopolitical events, GMR remains bullish on India's aviation growth.

The Union Cabinet has approved extending the AAI land lease for Nagpur's Dr Babasaheb Ambedkar International Airport, enabling a 30-year PPP concession to GMR Nagpur International Airport Limited. This decision paves the way for the airport's modernization and expansion, aiming to transform Nagpur into a major aviation and cargo hub.

Delhi airport's air train project, a Rs 3,000-4,000 crore automated people mover, will be funded by operator DIAL and is expected to be operational in 30 months. This initiative aims to enhance inter-terminal connectivity for transit passengers, with the service being free for flyers and chargeable for non-passengers.

Delhi airport is set to revolutionize passenger transfers by moving most connections between Terminals 1 and 3, and 1 and 2, to the airside from July. This significant shift aims to create a hub-and-spoke model, mirroring global airports and offering seamless connectivity for transit passengers, a major upgrade from current cityside bus transfers.

gmr airports Ltd has been selected to modernize Delhi Airport's cargo terminal, taking over from Turkish company Celebi whose contract was terminated. GAL will upgrade, finance, operate, and manage the terminal under a revenue share model with DIAL until 2036, with an estimated first-year revenue share of Rs 340 crore.

HDFC Bank faces headwinds with its chairman's exit, impacting investor sentiment amid macro uncertainties. Tata Motors CV is poised for growth in an upcycle, while GMR Airport sees stable domestic traffic despite geopolitical issues. L&T Finance is leveraging AI for significant gains, and Power Grid Corp is upgraded due to increased commissioning pace and new opportunities.

In FY26, India saw nearly 290 people die in air crashes. The financial year also witnessed muted passenger traffic growth and an unprecedented operational meltdown at India’s largest airline. How will the next fiscal pan out even as the West Asia conflict lingers spiking fuel prices?

The GMR Group will divest its stake in Mactan Cebu International Airport. gmr airports International BV (GAIBV), a subsidiary of GMR Infra, has entered into definitive agreements with Aboitiz InfraCapital Inc (AIC), for AIC to acquire shares in GMR-Megawide Cebu Airport Corporation (GMCAC).

On Tuesday, gmr airports Infrastructure reported a consolidated profit after tax (PAT) of Rs 104.82 crore for December quarter, against a loss of Rs 515.34 crore in the year-ago period.

“GMR Infrastructure Limited (GIL) Wednesday announced a proposed investment by Tata Group, Singapore’s sovereign wealth fund GIC and SSG Capital Management in its airports business. GIL has signed a binding term sheet with the Investors pursuant to which the Investors have agreed to invest Rs 8,000 crore in gmr airports Limited (GAL),” GMR said in a statement Wednesday.

Infra major GMR Group on Thursday launched its first duty free outlet at Kannur International Airport Ltd (KIAL). GMR Kannur Duty Free Services Ltd (GKDFSL), a subsidiary of gmr airports Ltd (GAL), will run this outlet.

GMR Group on Friday said its flagship GMR Infrastructure Ltd has been rechristened gmr airports Infrastructure Ltd after following shareholder approval as well as the necessary regulatory approvals.

A consortium of Tata Group and two financial investors will now buy 49% in gmr airports, operator of the Delhi airport which is the largest in the country, instead of 44.4% as proposed earlier.

gmr airports on Monday said Groupe ADP, formerly Aéroports de Paris or ADP, has successfully raised 2.5 billion euros in bonds. The Indian infra major had in February 2020 signed an agreement with Groupe ADP to divest 49% stake in gmr airports Limited (GAL) for an equity consideration of Rs 10,780 crore, valuing GAL at Rs 22,000 crore.