GMR raises Rs 520 crore debt from IIFCL for Delhi airport

GMR Infrastructure has raised around Rs 2,600 crore to fund the Delhi International Airport Modernisation Plan. The airport is being developed under a public-private partnership model by Delhi International Airport Ltd (DIAL), a joint venture consortium of the GMR Group, Airports Authority of India, Frafort AG and Eraman Malaysia. The first phase of the new terminal (T3) was completed with a capacity to handle 60 mn passengers per annum. Contact: GMR Infrastructure. Tel: 080-4043 2000. Fax: 080-4043 2180. E-mail: info@gmrgroup.in