GMR expands ops in Delhi and Hyderabad airports

The GMR Group is expanding its airport operations. Prior to COVID, it was the world’s second-largest airport developer in terms of annual passengers. The company now has a 94-million-passenger operational capacity, with an additional 85-million-passenger capacity under development. The Delhi and Hyderabad airports are driving GMR’s expansion, which has attracted investments from French operator Groupe ADP. GMR has secured funding for its capital spending, giving them an advantage against the Adani Group, which has begun taking over airports following a hiatus during the last privatisation campaign. When traffic is lighter during lockdown, the period is used to ramp up capacity and scale up businesses.