Delhi International Airport to raise up to Rs 1,600 cr via debentures

Tweaks plans to opt for Debentures as alternative to lease financing

In tweaking of fund raising plans, Delhi International Airport Limited (DIAL), a GMR group entity, will raise upto Rs 1,600 crore through Debentures to finance balance capital expenditure for capacity expansion by September 2023. Till end of August 2022, had incurred Rs. 7,765 crore of the project cost.

The pending project cost of Rs 3,785 crore is expected to be funded through the proposed NCDs (alternative to lease financing loan), real estate security deposits (RSDs) and cash in hand earmarked for project.

DIAL is currently undertaking a large capital expenditure (capex) programme to increase the passenger capacity to 100 million by September