GMR Takes Over Cargo Terminal Operations at IGI Airport

20 May 2025 CW Team

GMR Airports Limited has been awarded the concession to operate, maintain and manage the existing cargo terminal at Indira Gandhi International Airport, New Delhi. The move follows the immediate termination of Celebi鈥檚 agreement by Delhi International Airport Limited, a GMR subsidiary.

The Ministry of Civil Aviation issued a directive on May fifteen, revoking the security clearance of Celebi group entities in India due to national security concerns. In compliance, DIAL cancelled Celebi鈥檚 concession and reassigned the responsibility to GMR, which already holds the required security clearance as a regulated agent.

This transaction qualifies as a related party transaction but has been carried out on an arm鈥檚 length basis. The company confirmed that there is no direct interest from promoters or group companies, aside from indirect shareholding in both GMR Airports and DIAL.

GMR stated this step ensures uninterrupted cargo operations at the airport while complying with the government鈥檚 directive. The company has officially notified stock exchanges, including BSE and NSE, about the development under Securities and Exchange Board of India regulations.

Source:GMR Airports Limited

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