GMR Airports

June 25 (Reuters) - GMR Airports Ltd (India) GMRI.NS:

• GMR AIRPORTS LTD (INDIA) - COMMENCEMENT OF OPERATIONS AT NAGPUR AIRPORT

• GMR AIRPORTS LTD (INDIA) - UNIT TAKES OVER OPERATIONS OF DR. BABASAHEB AMBEDKAR INTERNATIONAL AIRPORT AT NAGPUR

Source text: ID:nBSE5V9J52

Further company coverage: GMRI.NS

(([email protected];))

June 15 (Reuters) - GMR Airports Ltd (India) GMRI.NS:

• GMR AIRPORTS (INDIA) - TOTAL PASSENGER TRAFFIC UP 6.1% IN MAY YOY

Source text: ID:nNSEywlHq

Further company coverage: GMRI.NS

(([email protected];;))

June 3 (Reuters) - GMR Airports Ltd (India) GMRI.NS:

• GQG EMERGING MARKETS EQUITY FUND SOLD 195 MILLION SHARES OF GMR AIRPORTS AT 97.75 RUPEESPER SHARE VIA BLOCK DEAL - EXCHANGE DATA

• FIDELITY INVESTMENTS BUYS 195 MILLION SHARES OF GMR AIRPORTS AT 97.75 RUPEESPER SHARE VIA BLOCK DEAL - EXCHANGE DATA

Source text: [ID:]

Further company coverage: GMRI.NS

(([email protected];;))

May 15 (Reuters) - GMR Airports Ltd (India) GMRI.NS:

• GMR AIRPORTS - PASSENGER TRAFFIC DOWN 5% Y/Y IN APRIL 2026

Source text: ID:nnAZN4SWJ6Y

Further company coverage: GMRI.NS

(([email protected];))

** Shares of GMR Airports Ltd GMRI.NS rise as much as 3.1% to 92.05 rupees

** Co says Feb passenger traffic up 0.3% y/y and aircraft movements up 1.8%

** Co also gets letter of award from Delhi International Airport Ltd (DIAL) to upgrade, operate, manage cargo terminal 1

** Adds, project will run on a revenue‑share model with DIAL until 2036, with co expected to pay about 3.4 bln rupees ($36.8 mln) in first full year of ops

** Mean rating by 7 analysts for stock is 'strong buy', median PT is 120 rupees - data compiled by LSEG

** GMRI last up 1.7%, cuts YTD losses to 14.5%

($1 = 92.4325 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

(([email protected];))

March 13 (Reuters) - GMR Airports Ltd GMRI.NS:

• SELECTED TO UPGRADE AND OPERATE CARGO TERMINAL 1 AT IGI AIRPORT

• GETS LETTER OF AWARD (LOA) FROM DELHI INTERNATIONAL AIRPORT

• PROJECT TO GENERATE ESTIMATED REVENUE SHARE OF 3.40 BILLION RUPEES. IN FIRST FULL YEAR

Source text: ID:nBSE2sLD7Q

Further company coverage: GMRI.NS

(([email protected];))

Feb 13 (Reuters) - GMR Airports Ltd GMRI.NS:

• GMR AIRPORTS DEC-QUARTER PAT 504.6 MILLION RUPEES

• GMR AIRPORTS DEC-QUARTER TOTAL INCOME 12.55 BILLION RUPEES

Source text: [ID:]

Further company coverage: GMRI.NS

(([email protected];))

MUMBAI, Jan 21 (Reuters) - India's GMR Hyderabad International Airport is set to raise 21 billion rupees ($229.9 million) through the sale of staggered redemption bonds maturing in six to 15 years, three bankers said on Wednesday.

It will pay a floating coupon, with an initial rate at 7.60%. It will be paid quarterly and will be reset after five and 10 years, they said.

The company has invited commitment bids for the issue later in the day.

GMR did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 21:

*Size includes base plus greenshoe for some issues

($1 = 91.3400 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

(([email protected], [email protected]))

Jan 19 (Reuters) - GMR Airports Ltd GMRI.NS:

• DELHI INTERNATIONAL AIRPORT LTD: ANNOUNCES REHABILITATION OF THIRD RUNWAY (11R/29L) AT DELHI AIRPORT FROM FEB 16, SUBJECT TO REGULATORY APPROVALS

• DELHI INTERNATIONAL AIRPORT LTD:AIRPORT’S SCHEDULED MOVEMENT CAPACITY WILL BE AT 1,514 MOVEMENTS PER DAY

Further company coverage: GMRI.NS

(([email protected];))

Sept 12 (Reuters) - GMR Airports Ltd GMRI.NS:

• GMR AIRPORTS LTD - INCORPORATED SPECIAL PURPOSE VEHICLE GMR CARGO AND LOGISTICS

Source text: ID:nNSE1bmGyl

Further company coverage: GMRI.NS

(([email protected];))

MUMBAI, Aug 28 (Reuters) - India's Delhi International Airport plans to raise 10 billion rupees ($114.28 million) selling bonds maturing in 15 years, two merchant bankers said on Thursday.

The company has invited bids from bankers and investors on Friday, and the coupon would be payable on a quarterly basis and will be reset at the end of the fifth year and 10th year.

The bonds would also have a staggered redemption and will mature equally from the end of sixth year to maturity.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 28:

* Size includes base plus greenshoe for some issues

($1 = 87.5060 Indian rupees)

(Reporting by Dharamraj Dhutia)

(([email protected]))

Aug 21 (Reuters) - GMR Airports Ltd GMRI.NS:

• APPROVED ENABLING RESOLUTION FOR RAISING OF FUNDS UP TO 50 BILLION RUPEES

• FORMATION OF SPV FOR UNDERTAKING CARGO CITY PROJECT BY DELHI INTERNATIONAL AIRPORT

Further company coverage: GMRI.NS

(([email protected];;))

MUMBAI, Aug 8 (Reuters) - India's GMR Airports GMRI.NS plans to raise 59 billion rupees ($673.47 million) through the sale of bonds maturing in 18 months as well as in three years, three merchant bankers said on Friday.

The country's largest airport operator in terms of passengers will raise 15 billion rupees through the shorter duration bonds and 44 billion rupees through three-year papers.

It has invited bids from bankers and investors for both issues on Monday.

GMR Airports did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on August 8:

*Size includes base plus greenshoe for some issues

($1 = 87.6060 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)

(([email protected]))

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, July 31 (Reuters) - India's GMR Airports GMRI.NS has finalised the terms of what would be its biggest corporate debt issue as it aims to raise more than 60 billion rupees ($685.13 million), three sources aware of the developments said on Thursday.

The country's second-largest airport operator will raise 18 billion rupees through the sale of 18-month bonds. This issue is largely expected to be placed with mutual funds.

It will also raise around 42 billion rupees through the sale of three-year bonds, with large foreign lenders set to absorb this supply.

The company will pay an annual coupon of 10.50% on both the maturities, and the fundraising would be completed in the next few days, the sources added.

All the sources requested anonymity as the talks are still private.

GMR Airports did not respond to a Reuters email seeking comment.

The bonds of the company, which currently manages multiple airports including those in Delhi and Hyderabad, are rated A+ by Crisil.

($1 = 87.5740 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)

(([email protected];))

July 16 (Reuters) - GMR Airports Ltd GMRI.NS:

• HANDLED 30.2 MILLION PASSENGERS IN Q1 FY26, UP 3.3% Y/Y

• MUTED GROWTH IN DOMESTIC TRAFFIC IN MAY’25 & JUN’25 DUE TO GEOPOLITICAL EVENTS

Source text: ID:nBSEbCyZnG

Further company coverage: GMRI.NS

(([email protected];))

By Khushi Malhotra and Dharamraj Dhutia

MUMBAI, July 15 (Reuters) - Two companies belonging to India's GMR Group are set to tap the corporate bond market in the coming days to raise an aggregate of 25 billion rupees ($291.27 million), three sources aware of the matter said.

GMR Airports Holdings Co, the holding company of the GMR Group's airport-related businesses is scouting the market to raise around 15 billion rupees through three-year bonds, the sources said.

Large mutual funds will heavily participate in this issue, one of the sources added.

"The yield could be in the high single digits or even a low double digit, which makes it an attractive proposition for debt funds," the source added.

Delhi International Airport (DIAL), a joint venture between GMR Airports and the Airport Authority of India, is also likely to raise 10 billion rupees through the sale of 15-year bonds.

Both GMR Airports Holdings and DIAL did not immediately respond to Reuters emails seeking comments.

"DIAL has already started talks with a private bank and a foreign bank to place the bond issue, and this should be done before the GMR issue," the second source said.

DIAL had last tapped the bond market in July 2024, when it raised 25.13 billion rupees through sale of 10-year bonds at 9.50% coupon payable quarterly.

($1 = 85.8300 Indian rupees)

(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Janane Venkatraman)

(([email protected];))

July 2 (Reuters) - GMR Airports Ltd GMRI.NS:

• GMR AIRPORTS LTD - APPELLANT TRIBUNAL QUASHES AERA HRAB CALCULATION, ORDERS RECALCULATION

Source text: ID:nNSE5hK1yp

Further company coverage: GMRI.NS

(([email protected];;))

NEW DELHI, June 6 (Reuters) - The operator of Delhi International Airport, one of the world's busiest air hubs, said on Friday it would resume work to upgrade one of its runways after it was forced to cut short earlier efforts due to flight delays.

Delhi International Airport Limited, which is majority owned by GMR Airports GMRI.NS, said the work would take place for three months from June 15 to upgrade a system that helps aircraft land safely in low-visibility conditions.

(Reporting by Abhijith Ganapavaram; Editing by Jan Harvey)

((Email: [email protected]; Mobile: +91-9019785574;))

Adds chart 2

By Bharath Rajeswaran

May 14 (Reuters) - MSCI included two Indian companies fertilisers maker Coromandel International CORF.NS and beauty products retailer Nykaa FSNE.NS to its Global Standard index earlier on Wednesday, as part of its May 2025 index rejig.

No Indian stock has been deleted from the key global index. The changes will come into effect as of the markets close on May 30.

The inclusion could bring passive inflows worth $216 million-$227 million into Coromandel and $172 million - $181 million into Nykaa, according to IIFL Alternate Research and JM Financial estimates.

MSCI also added Coromandel and airport operator GMR Airports GMRI.NS into its India domestic index, while removing auto parts maker Sona BLW Precision Forgings SONB.NS.

While the flagship Global Standard index and Indian domestic indexes only saw minor tweaks, MSCI added 11 new stocks to its global small-cap index and deleted 21 stocks.

The more specific MSCI India domestic small-cap index saw the addition of 12 stocks and removal of 21 stocks.

Besides the additions, drug maker Cipla CIPL.NS, telecom infrastructure provider Indus Towers INUS.NS and textiles and chemicals maker Grasim Industries GRAS.NS are likely to see passive inflows of $33 million-$45 million, $36 million-$40 million and about $17 million due to the increase in their weights in the Global Standard index.

Astral could see outflows worth $15 million-$17 million due to weight reduction, according to IIFL Alternate Research and JM Financial estimates.

India's weight in the MSCI Global Standard index rose marginally to 19.4%, according to the IIFL Alternate Research. India had a weightage of about 19% in the index as of the previous revision in February.

In its last rejig in February, MSCI added carmaker Hyundai Motor HYUN.NS and removed Adani Green Energy ADNA.NS from its global standard index.

(Reporting by Bharath Rajeswaran in Bengaluru; Editing by Rashmi Aich)

(([email protected]; +91 9769003463;))

By Abhijith Ganapavaram

NEW DELHI, April 21 (Reuters) - The operator of Delhi International Airport, one of the world's busiest airports, has paused works to upgrade one of its runways after passengers criticised lengthy flight delays, throwing the spotlight on increasing air traffic congestion in major cities in India.

Data from Flightradar24 showed about 400 arrivals and 500 departures were delayed on Sunday - about 60% and 76% of total flights, respectively - which Delhi International Airport Limited (DIAL) said was in part due to adverse wind patterns.

DIAL, which is majority owned by GMR Airports GMRI.NS, had shut one of its runways earlier this month to upgrade a system that helps aircraft land safely in low-visibility conditions. The airport has four runways in total.

DIAL will now resume operations on the runway in the first week of May after postponing remaining upgrade activities "for a month or so," it said in a post on X early on Monday. The upgrade works had come ahead of the busy summer travel season in India.

Passengers on social media complained of flights being delayed for hours on Sunday, both in the ground and in the air, raising concerns about stress on pilots.

DIAL pushed back against criticism in a series of X posts, saying plans for runway upgrades were done in consultation with airlines and other stakeholders over four months ago. It said adverse wind conditions had also played a role in the delays.

"When these easterly wind situations have been arising in the past few days...airlines have been advised, in accordance with pre-agreed plans, to adjust flight schedules. However, there was minimal to no changes made," DIAL said.

Delhi airport handled about 78 million passengers in 2024, making it the ninth busiest airport in the world, according to Airports Council International, as air travel booms in India post the pandemic.

To handle the surge in air travel, government authorities have planned for second airports that would serve congested cities such as Mumbai and Delhi. More airports would also accommodate the hundreds of aircraft ordered by domestic airlines IndiGo and Air India Group.

(Reporting by Abhijith Ganapavaram; Editing by Raju Gopalakrishnan)

((Email: [email protected]; Mobile: +91-9019785574;))

** Shares of airport operator GMR Airports GMRI.NS up 4.2% at 82.12 rupees, after hitting 3-month high of 83.2 rupees earlier

** Citi initiatives coverage with "buy" rating and PT of 90 rupees

** Says GMRI to turn profitable from FY26 as co fundamentally well-placed

** "GMR Airports has strong traffic outlook, headroom to non-aero spending, commercialization of landbanks and inorganic growth pipeline from government's airport privatization," it says

** Trade vol at 19.6 mln shares, compared to 30-day avg of 12.1 mln

** Stock up 5.6% YTD

(Reporting by Vivek Kumar M)

(([email protected]))

By Abhijith Ganapavaram and Arpan Chaturvedi

NEW DELHI, March 17 (Reuters) - The operator of the Indian capital's international airport, majority owned by GMR Airports GMRI.NS, is suing the government for allowing commercial flights from a nearby defence aerodrome, legal papers show in a case to be heard on Monday.

The airport is one of India's busiest, with about 73.6 million passengers using it last year, though it made a loss of $21 million because of higher government fees. In contrast, by Sunday, the number of airbase users was about 1,400.

The Delhi airport will become "economically and financially unviable," after the government permitted commercial flights from the defence airbase in Ghaziabad, Delhi International Airport Limited (DIAL) said in the March 10 lawsuit.

In the suit, which Reuters is the first to report, DIAL told the Delhi High Court the government breached aviation rules barring a new airport within an aerial distance of 150 km (90 miles) of an existing one, unless there is passenger demand.

The state-run Airports Authority of India also has a stake in DIAL. India's civil aviation ministry did not immediately respond to e-mails seeking comment.

DIAL seeks to overturn the government's decision, and cites media reports for its contention that flights by Air India Express began operating in March from the Hindon Airforce Station, about 30 km (19 miles) from the Delhi airport.
DIAL is represented by Trilegal, a law firm based in India.

(Reporting by Abhijith Ganapavaram and Arpan Chaturvedi; Editing by Aditya Kalra and Clarence Fernandez)

((Email: [email protected]; Mobile: +91-9019785574;))

March 7 (Reuters) - GMR Airports Ltd GMRI.NS:

• ACQUIRES 10% EQUITY STAKE IN DIAL FROM FRAPORT

• SHAREHOLDING IN DIAL INCREASES TO 74%

Source text: ID:nNSEb0Kzpm

Further company coverage: GMRI.NS

(([email protected];;))

MUMBAI, Feb 20 (Reuters) - India's GMR Airports GMRA.NS plans to raise 11 billion rupees ($126.65 million) selling bonds maturing in three years, three bankers said on Thursday.

The company has invited coupon and commitment bids from bankers and investors for the issue on Monday, they said.

The company did not immediately reply to a Reuters' email seeking comment.

Here is the list of deals reported so far on February 20:

*Size includes base plus greenshoe for some issues

($1 = 86.8520 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)

(([email protected]))

** Shares of GMR Airports GMRI.NS rise 2.7% to 73 rupees

** Airport operator posts Q3 consol net profit of 2.67 billion rupees ($30.84 million) vs yr ago loss of 3.17 billion rupees, boosted by increased air traffic in their Delhi and Hyderabad airports; rev up 19%

** Unit GMR Hyderabad International Airport declared interim dividend of 7.5 rupees/share, first time since 2019; reflects sustained strong profitability - Jefferies

** Stock trading below key 50-, 100-, 200- day moving avgs for nearly a month, indicating a bearish sentiment

** Stock fell 2.5% in 2024

($1 = 86.5880 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

Jan 28 (Reuters) - GMR Airports Ltd GMRI.NS:

• GMR AIRPORTS DEC-QUARTER CONSOL NET PROFIT 2.67 BILLION RUPEES

• GMR AIRPORTS DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 26.53 BILLION RUPEES

Source text: ID:nNSE20k43P

Further company coverage: GMRI.NS

(([email protected];;))

Jan 9 (Reuters) - GMR Airports Ltd GMRI.NS:

• GMR AIRPORTS - UNIT TO DIVEST 50% STAKE IN MEGAWIDE GMR CONSTRUCTION JV, INC

• GMR AIRPORTS - DEAL FOR CONSIDERATION OF$1.365 MILLION

Source text: [ID:]

Further company coverage: GMRI.NS

(([email protected];;))

Jan 8 (Reuters) - GMR Airports Ltd GMRI.NS:

• GMR AIRPORTS LTD - TO ACQUIRE SHARES OF BDGASPL

• GMR AIRPORTS LTD - TOTAL CONSIDERATION FOR ACQUISITION IS 150.2 MILLION RUPEES

Source text: ID:nNSEcgZG2d

Further company coverage: GMRI.NS

(([email protected];))

Dec 16 (Reuters) - GMR Airports Ltd GMRI.NS:

• TOTAL PASSENGER TRAFFIC UP 14% YOY IN NOV

• TOTAL AIRCRAFT MOVEMENTS UP 8% Y/Y IN NOV

Source text: ID:nBSE6L2b9M

Further company coverage: GMRI.NS

(([email protected];))

** GMR Airports GMRI.NS rises as much as 5.5% to 82.3 rupees

** Airport operator's October passenger traffic up 9% y/y to 10.7 mln

** Stock set to rise for a third straight session

** GMRI last up 5.4%, turning stock positive on YTD basis

(Reporting by Anuran Sadhu in Bengaluru)

(([email protected]; +91 8697274436;))