GMR Airports Secures Cargo Terminal Concession at Delhi Airport
Filing Summary
GMR Airports Limited has been awarded the concession to upgrade, modernize, finance, operate, manage, and maintain Cargo Terminal 1 at Indira Gandhi International Airport, New Delhi. The concession was granted by Delhi International Airport Limited following a competitive bidding process. The project operates on a revenue share model, with an estimated revenue share of INR 340 crore in the first full year. The concession is valid until 2036. This transaction is a related party transaction conducted on an arm’s length basis, with no direct interest from the promoter group.
GMR Airports Limited has received a Letter of Award from Delhi International Airport Limited (DIAL) to manage Cargo Terminal 1 at Indira Gandhi International Airport, New Delhi. The concession involves upgrading, modernizing, financing, operating, managing, and maintaining the terminal. The award follows a competitive bidding process initiated by DIAL in November 2025.
The concession is structured on a revenue share payment model to DIAL, with an estimated revenue share of INR 340 crore in the first full year of operations. The concession period extends up to the year 2036. This arrangement follows the termination of the previous cargo concession agreement with M/s Celebi on May 15, 2025, as directed by the Ministry of Civil Aviation, Government of India.
The transaction is classified as a related party transaction and is conducted on an arm’s length basis. The promoter and promoter group, along with group companies of GMR Airports Limited, do not have any direct interest in the transaction, aside from their indirect shareholding in both DIAL and GMR Airports Limited.
Delhi International Airport Limited is responsible for managing and operating the Indira Gandhi International Airport. It focuses on enhancing airport infrastructure and services to accommodate increasing passenger and cargo traffic.
GMR Airports Limited specializes in airport development and management. The company focuses on expanding its airport operations and enhancing infrastructure to support growing aviation demands. It aims to optimize airport efficiency and passenger experience through strategic projects and partnerships.