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GMR Infrastructure
The GMR Group, which operates the Rajiv Gandhi International Airport here, is expecting a rise in passenger traffic to 50 million annually by FY 31, up from the current 29 million in FY 25. Pradeep Panicker, Chief Executive Officer of GHIAL said the firm is in the process of investing Rs 370 crore for the expansion of existing cargo terminal, besides setting up a new one to take the capacity close to 4.0 lakh tons annually. We are the fastest growing metro airports in the country. We did 25 million (passengers) in 2024 (ended March). This year, March ended 25, we should close at 29 million. As per the projections we have done, we could be hitting close to 50 million by 2031, Panicker told PTI. The airport already created the necessary infrastructure in a phased manner to handle 40 million passengers. The aerodrome was built in 2008 with a capacity of 12 million. Last calendar year the airport added close to 3.6 million passengers over the previous calendar year, a rare feat which
The Competition Commission of India (CCI) on Tuesday approved a proposed transaction involving GMR Infra Enterprises Pvt Ltd and a trust of the Abu Dhabi Investment Authority. The proposed combination involves subscription to unlisted and unrated optionally convertible debentures of GMR Infra Enterprises by Platinum Stone A 2014 Trust (acting through its trustee Platinum Rock B 2014 RSC Ltd), according to a release. The Abu Dhabi Investment Authority is the sole beneficiary of Platinumb Stone. GMR Infra Enterprises Pvt Ltd will acquire a cumulative of approximately 9 per cent stake on a fully diluted basis of GMR Airports Ltd (GAL) from its promoter -- GMR Enterprises Pvt Ltd (GEPL). The shareholding of GAL held by GMR Infra Enterprises will be pledged in favour of the trust with a view to secure the debenture subscription amount, the release said. The Competition Commission of India (CCI) has given its nod for the deal. In October, GMR Group said it has secured Rs 6,300 crore de
There will be no flight arrivals or departures at the Delhi airport from 10.20 am to 12.45 pm every day till January 26 in connection with the Republic Day preparations and celebrations, according to an official. The NOTAM (Notice to Airmen) issued by the Airports Authority of India (AAI) has been revised to introduce the new restrictions. Earlier, the curbs were in place only for non-scheduled flights with certain exceptions. From January 19 to 26, no flights would be arriving or departing from the Delhi airport between 10.20 am to 12.45 pm, the official said on Friday. Generally, a NOTAM (Notice to Airmen) is a notice with information that is essential to personnel involved in flight operations. Airspace curbs in the national capital will be in place from Friday (January 19) till Monday (January 29) in connection with the Republic Day preparations and celebrations. Landing or take-off of non-scheduled flights of scheduled airlines, and chartered flights will not be permitted fr
DVI Fund Mauritius Ltd, a public shareholder of GMR Infrastructure, on Thursday divested 3.3 per cent stake in the airports handling company for Rs 720 crore through an open market transaction. The shares were picked up by C/D Investors Fund LP, A/D Investors Fund LP, DVG 1740 Fund LP, Veda Investors Fund LP, H/D Investors Fund LP, Deccan Value Investors BPI Fund LP and Deccan Value Investors Fund LP, block deal data with the BSE showed. According to the data, DVI Fund Mauritius sold a total of 19,84,17,768 shares, amounting to 3.28 per cent stake in the company. The shares were offloaded at an average price of Rs 36.3 apiece, taking the transaction size to Rs 720 crore. As on March 2022, DVI Fund Mauritius Ltd held 7.76 per cent stake in the company, shareholding data with the exchange showed. Shares of GMR Infrastructure closed 0.55 per cent higher at Rs 36.50 on BSE. In a separate block deal, Deccan Value Advisors Fund IV sold 5.1 crore shares worth Rs 112 crore of GMR Power a