GMR Airports Limited takes over operation of IGI Airport cargo terminal after government directive

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GMR Airports Limited takes over operation of IGI Airport cargo terminal after government directive

NOOR MOHMMED

16/May/2025

GMR Airports Limited has been granted the concession to operate, maintain, and manage the existing cargo terminal at IGI Airport, New Delhi, ensuring smooth business continuity.
The government revoked security clearance of Celebi group entities, leading to termination of their concession by DIAL and reallocation to GMR Airports Limited.
The transaction is a related party transaction conducted on an arm’s length basis with no promoter group interest other than indirect shareholding.

GMR Airports Limited, formerly known as GMR Airports Infrastructure Limited, announced that it has been granted the concession to operate, maintain, and manage the existing cargo terminal at Indira Gandhi International Airport (IGI Airport), New Delhi. This development follows a directive from the Ministry of Civil Aviation (MoCA), Government of India (GOI), issued on May 15, 2025, which revoked the security clearance of Celebi group entities operating in India.

The revocation of security clearance led Delhi International Airport Limited (DIAL), a subsidiary of GMR Airports Limited, to immediately terminate the existing concession agreement with Celebi group for cargo terminal operations. To ensure uninterrupted cargo operations at IGI Airport, DIAL granted the cargo terminal concession to GMR Airports Limited on the existing terms of the concession agreement.

GMR Airports Limited already holds security clearance as a Regulated Agent to conduct cargo business at airports, allowing for seamless transition and continued service at the cargo terminal.

The transaction is classified as a related party transaction but has been conducted on an arm’s length basis. Promoter, promoter group, and group companies of GMR Airports Limited do not hold any direct interest in this transaction other than their indirect shareholding in both DIAL and GMR Airports Limited.

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GMR Airports Limited takes over operation of IGI Airport cargo terminal after government directive

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