Gmr Hyderabad International Airport

GMR Hyderabad Air Cargo secures certification of CTPAT from US CPB

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 Airports purchases 11% more stake in GMR Hyderabad Airport for $100 mn

GAL also owns a majority in Delhi International Airport Limited (DIAL), which runs the Delhi airport

GMR Hyderabad Aviation SEZ signs lease with Safran Aircraft Engines for MRO

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 announces divestment of warehouse facility located at Hyderabad Airport

GHIAL signed the definitive agreements and closed the transaction with ILP Core Ventures I PTE Limited at an enterprise value of Rs 188.1 crore

GMR Hyderabad International Airport raises Rs 1,150 cr through NCDs

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

Hyderabad airport operator to raise Rs 1,250 crore to retire forex debt

To float AA-rated 10-year NCDs at a lower rate of interest than the 5.37% coupon on dollar-denominated senior secured notes due for repayment in April 2024

AERA allows GMR Hyderabad to increase user development fee from Apr 1, 2022

Flying from Hyderabad airport to get costlier from April 1, 2022

GMR Hyderabad Air Cargo signs pact with StaTwig for vaccine shipments

The airport serves as a major pharma hub for air cargo and is one of the primary gateways for vaccine exports from India

AAI to offload residual stake in Bangalore and Hyderabad airports

Sale of 13% stake in each may fetch Rs 3,000 crore

Fitch Ratings affirms GMR Hyderabad International Airport at BB-plus

Fitch Ratings on Thursday affirmed GMR Hyderabad International Airport Ltd's (GHIAL's) long-term issuer default rating

Hyderabad int'l airport gets mass fever screening system to check Covid-19

The new thermal scanner, which will be used by the airport health officials, is a ceiling mounted Mass Fever Screening System

Amazon signs pact with GMR to expand its biggest fulfilment centre in India

The move will help Amazon, which is locked in an intense battle for market leadership with Walmart-backed Flipkart, to deliver products faster as the festive season approaches

GMR Infra awards Rs 30.28 bn contract for Hyderbad airport expansion to L&T

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.

GMR airport subsidiary prices $350-mn bonds at lowest coupon rate

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 ...

Moody's assigns Ba1 rating to GMR's Hyderabad Airport

GHIAL has a long-term concession to operate Hyderabad airport, which is one of the leading airports in India