GMR readying itself to take on Adani for leadership in India's airports biz

Fresh from a demerger and with a French partner, GMR Airports is readying itself to take on the Adani group for leadership in India's airports business

Delhi-based GMR group group has been the king of India’s airport infrastructure business, handling over 100 million passengers a year in India and abroad. Its two operational airports in India — Delhi and Hyderabad — handled nearly a fourth of the 340 million Indian airline passenger market in FY20.

So last month, listening to a long-standing demand by its investors, GMR Infrastructure demerged its non-airport business (energy and highways) from the airport business, transforming the company into India’s only listed pure play airport company.

The timing is just right, since the group is getting ready to compete with the Adani