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GMR plans $2bn expansion at two airports

NEWS

August 24, 2026 at 04:13 UTC

2 min read
Construction work expanding a major airport terminal, illustrating multi-billion airport growth plans

Key Points

  • 01GMR Airports plans up to Rs 19,400 crore expansion in India
  • 02Hyderabad airport slated to receive about Rs 13,800 crore
  • 03New Delhi airport expansion planned at about Rs 5,600 crore
  • 04Hyderabad capacity targeted at about 80 million passengers a year

GMR unveils major India airport expansion plan

GMR Airports Ltd. has announced plans to invest up to Rs 19,400 crore, or about $2 billion, to expand airport facilities at its hubs in New Delhi and Hyderabad. The program focuses on increasing capacity and upgrading infrastructure at two of its key Indian assets.

The investment is divided between Rajiv Gandhi International Airport in Hyderabad and GMR’s New Delhi airport operations. The company aims to support growing air traffic and enhance passenger handling capabilities at both locations.

Allocation to Hyderabad and New Delhi

The larger share of the planned outlay, about Rs 13,800 crore, is earmarked for Rajiv Gandhi International Airport in Hyderabad. This reflects the scale of expansion required to transform the airport into a significantly larger hub.

Around Rs 5,600 crore is planned for the New Delhi airport. Together, these investments represent a substantial increase in GMR’s deployed capital at its two flagship Indian airports.

Hyderabad capacity upgrade

Once the expansion is completed, Hyderabad’s upgraded airport is expected to handle about 80 million passengers annually. This would be more than double its current throughput of about 34 million passengers per year.

The capacity boost positions the Hyderabad airport to support higher traffic volumes and potentially attract more domestic and international routes as demand develops over time.

Financing structure and corporate focus

GMR plans to fund the expansion through a mix of debt and equity raised by the respective airport ventures. The investments will not sit directly on the balance sheet of GMR Airports, the holding company, but instead at the project level.

This structure separates the financing of individual airport projects from the holding entity, while still enabling large-scale capital deployment across the network.

GMR’s broader airport portfolio and strategy

GMR Airports’ portfolio includes six airports in India, one in the Philippines and another airport project under construction in Greece. The New Delhi and Hyderabad expansions add to this existing international footprint.

Saurabh Chawla, the group’s executive director for finance and strategy, has stated that GMR is not interested in entering the airline business. The group is therefore concentrating on airport infrastructure rather than operating carriers, reinforcing its role as an airport developer and operator.

Key Takeaways

  • 01GMR is committing a large, project-level investment focused on two core Indian airports while keeping the holding company’s balance sheet insulated from direct project debt.
  • 02Hyderabad is the primary beneficiary of the expansion, with a planned capacity increase that would more than double its current passenger handling capability.
  • 03The financing mix of debt and equity at the airport-venture level and GMR’s refusal to enter the airline business underline a strategic focus on infrastructure rather than aviation operations.

References

  1. https://www.business-standard.com/industry/news/gmr-airports-plans-2-billion-expansion-of-delhi-hyderabad-facilities-126082400065_1.html
  2. https://www.moneycontrol.com/news/business/companies/adani-rival-gmr-plans-2-billion-expansion-at-two-india-airports-14013417.html
  3. https://www.moneycontrol.com/india/stockpricequote/transport-infrastructure/gmrairports/GI27
  4. https://www.bloomberg.com/
GMR plans $2bn expansion at two airports | Trading Dashboard