GMR Airports awarded Cargo Terminal 1 concession at Delhi Airport
GMR Airports Limited received a Letter of Award from DIAL to manage Cargo Terminal 1 at Delhi Airport. The concession is for an initial period up to 2036, with an estimated revenue share of ₹340 crore in the first full year of operations. This follows a competitive bidding process initiated in November 2025.
The award of a cargo terminal concession is a positive development for GMR Airports, indicating expansion of its operations and potential for future revenue generation. However, the direct financial impact will depend on the actual revenue generated over the concession period.
The company has been awarded a significant concession for a cargo terminal, which is expected to generate substantial revenue and contribute to its business growth.
GMR Airports Limited (GAL) has been awarded a Letter of Award (LOA) from Delhi International Airport Limited (DIAL) to upgrade, modernize, finance, operate, manage, and maintain Cargo Terminal 1 at Indira Gandhi International Airport, New Delhi. This concession was granted on an interim basis following the Ministry of Civil Aviation's directive to terminate the existing agreement with M/s Celebi on May 15, 2025, to ensure business continuity.
DIAL subsequently initiated a competitive bidding process in November 2025, in compliance with the Concession Agreement between DIAL and the Airport Authority of India. GAL participated in this process and has now been identified as the Selected Bidder. The project will operate on a revenue share payment model to DIAL for an initial period extending up to the year 2036. The estimated revenue share in the first full year of operations is ₹340 crore.
This transaction is considered a related party transaction and is conducted on an arms-length basis. The promoters, promoter group, or group companies of GAL do not have any interest in this transaction, other than their indirect shareholding in both DIAL and GAL.
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