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GMR Hyderabad International Airport
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
GMR Hyderabad Air Cargo on Friday announced that it has secured the prestigious Customs Trade Partnership Against Terrorism (CTPAT) certification. CTPAT, a voluntary program led by U.S. Customs and Border Protection (CBP), is designed to strengthen the security of international trade by establishing a partnership between U.S. Customs and the trade community. A press release from GMR said this achievement underscores GMR Hyderabad Air Cargo's (GHAC) commitment to maintaining the highest standards of security in its operations and enhancing the security of the global supply chain, Pradeep Panicker, CEO GMR Hyderabad International Airport Ltd said The certification from CTPAT is a significant milestone for GHAC. This certification not only strengthens our security framework but also reinforces our commitment to provide world-class cargo services that meet the highest global standards. We look forward to continuing our work in creating a safe and efficient air cargo environment for our
GMR Hyderabad Aviation SEZ Limited (GHASL), a GMR Group company has recently signed a Land Lease Agreement with Safran Aircraft Engines Services India Pvt. Ltd , a subsidiary of Safran, to lease land to the Paris-based aerospace company to build and operate the Engine MRO facility for LEAP turbofan engines. A press release from GMR said spread across 23.5 acres of the land parcel within the SEZ area of GMR Aerospace and Industrial Park here, the facility will occupy around 36,500 sqm of built-up space. The facility will initially have the capacity to service 100 engines per annum, which will gradually increase, to around 300 engines by 2035. It will also generate ample employment opportunities in the state of Telangana, a GMR official said. The construction of the facility will commence in September 2023. The facility is expected to be handed over in December 2024. This facility in Hyderabad will be the largest MRO (maintenance, repair and overhaul) centre in the Safran Aircraft ...
GMR Hyderabad International Airport Limited (GHIAL) which manages Rajiv Gandhi International Airport here on Wednesday said it has raised funds through the issuance of 10 year Listed, Rated, Redeemable, Secured Non-Convertible Debentures (NCDs) amounting to Rs 1,150 crore on private placement basis. A press release form the company said the NCDs which were raised on Tuesday will be listed on BSE Limited. The NCDs have been priced at an interest rate of 8.805 per cent per annum payable quarterly for an initial period of five years and thereafter the interest rate will be reset for next five years. The issue has been subscribed by eligible investors (Qualified Institutional Buyers, registered under SEBI). The proceeds from the NCDs will be utilised for partial refinancing of about USD 140 Million of the existing ( External Commercial Borrowings) ECB Bonds of 2024 and 2026, for which tendering has been completed, along with accrued interest and other issue expenses. Commenting on
GMR Infrastructure Limited has said its subsidiary GMR Hyderabad International Airport Limited issued Letter of Intent to award to Larsen & Toubro Limited and Megawide Construction Corporation to carry out some airport expansion works worth Rs 3,028 crore and Rs 980 crore respectively. According to a filing with the bourses, GMR said the work related to expansion of terminal building and airside infrastructure contracts and the works were awarded through international competitive bidding on L1 basis. "This is to inform that GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of the company, operating Rajiv Gandhi International Airport is expanding terminal building, airside infrastructure and allied infrastructure to achieve 34 million annual passenger (MAP) throughput from the existing design capacity of 12 MAP," GMR said yesterday. The expansion works are expected to be completed in 42 months from the date of award, GMR further said.
BS ReporterHyderabad, 20 October: GMR Hyderabad International Airport Limited(GHIAL), a subsidiary of GMR Group, announced that it has successfully priced an offering of $ 350-million bond in international market.The Hyderabad airport operator has entered into a purchase agreement to issue and allot $ 350 million of 4.25 senior secured fixed rate notes of 10 year tenure. The proceeds from the notes will be used to entirely refinance the current outstanding rupee term bank loan, bank external commercial borrowing and towards partial funding of proposed capital expenditure."We are delighted on the successful pricing of this transaction. The GMR Group, through Delhi International Airport Limited, was the first Indian company to issue 7 year and 10 year high yield bonds in the infrastructure space. GMR is the only group in India to tap the 10-year dollar bond market in the same infrastructure class across assets. The offering through GHIAL reinforces our ability to raise funds from the ...