GMR Airports' Acquisition Sparks Share Price Surge

GMR Airports Infra Acquires Stake in WAIS

GMR Airports Infrastructure Limited has announced the acquisition of a stake in WAISL for Rs 570 million. This strategic investment underscores GMR's commitment to expanding its presence in the aviation sector and strengthening its portfolio of airport assets.

The acquisition of a stake in WAISL presents significant opportunities for GMR Airports Infra to enhance its operational capabilities and leverage synergies within the aviation industry. This move is in line with GMR's strategic vision of driving sustainable growth and value creation for its stakeholders.

WAISL, with its di..

Delhi airport is largest in the country with 100 million capacity

The Delhi International Airport has now officially become a 100 million capacity airport, the largest in the country. GMR Airports Infrastructure-led Delhi International Airport undertook expansion work in 2019 as part of Phase 3A expansion and the expanded Terminal 1 of the airport now has the capacity to handle 40 million passengers per annum.

The airport has three terminals. Terminal 1 now also has a baggage handling capacity of 6,000 baggage per hour from 3,240 earlier and 22 contact stands for passenger boarding bridges.

Other projects under Phase 3A include construction of..

GMR Airports secures Rs 8 bn funding from three financial institutes

GMR Airports, a major player in the aviation sector, has successfully raised Rs 8 billion through strategic funding from Standard Chartered, Aditya Birla Fund, and Varde Partners. This financial infusion underscores investor confidence in the aviation industry's recovery and highlights GMR's position as a key player in the sector's resurgence.

In a notable financial move, GMR Airports secured Rs 8 billion in funding from leading financial entities, signalling positive developments within the aviation landscape. The involvement of Standard Chartered, Aditya Birla Fund, and Varde Partner..

Noida Airport to be linked by expressway, rapid rail, and pod taxi

The construction of Noida International Airport, also known as Jewar airport, was in its final stages, and passenger services were expected to begin in October. The airport would be linked by six roads and a rapid rail-cum-metro, in addition to pod taxis.

Upon completion, the Noida airport was projected to be the largest in India and the third in the National Capital Region (NCR) after Delhi airport and Hindon airbase in Ghaziabad.

A 31-km greenfield expressway was being built to connect the airport to the Delhi-Mumbai Expressway at Ballabhgarh.

The National Highway Aut..

Nagpur Airport: Mihan Dream grounded, vantage point lost

Nagpur's unique and strategic central location was once lauded for placing it on the nation's aviation map. It was hailed for its efforts in creating a harmonized air traffic management system with continuous airspace over the city, alongside establishing a centralized cargo hub. However, Dr Babasaheb Ambedkar International Airport is currently mired in apathy and has seemingly vanished from the national radar across various parameters, barely meeting the standards expected of a tier-2 city airport.

The airport, bearing its international tag, serves merely two flights to two foreign de..