Delhi international airport plans to refinance debt
AVIATION & AIRPORTS

Delhi international airport plans to refinance debt

In order to refinance its existing debt, Delhi International Airport Limited (DIAL) intends to raise up to Rs 750 crore in new capital through long-maturity debentures with reduced interest rates.

The proposal comes shortly after global rating agency Standard & Poor's (S&P) raised DIAL's long-term issuer rating from "B" to "B+" as a result of the company's increased profitability and traffic.

In conjunction with the Airports Authority of India (AAI) (26%), Fraport AG Frankfurt Airport Services Worldwide (10%), and the GMR parent through its parent company, GMR Airports Limited (64%), DIAL is a joint venture.

The proposed non-convertible debentures (NCDs) of the corporation have received a "A+" rating from India Ratings (Ind-Ra). It has also given an optimistic view to the current ratings.

In order to refinance its existing debt, Delhi International Airport Limited (DIAL) intends to raise up to Rs 750 crore in new capital through long-maturity debentures with reduced interest rates. The proposal comes shortly after global rating agency Standard & Poor's (S&P) raised DIAL's long-term issuer rating from B to B+ as a result of the company's increased profitability and traffic. In conjunction with the Airports Authority of India (AAI) (26%), Fraport AG Frankfurt Airport Services Worldwide (10%), and the GMR parent through its parent company, GMR Airports Limited (64%), DIAL is a joint venture. The proposed non-convertible debentures (NCDs) of the corporation have received a A+ rating from India Ratings (Ind-Ra). It has also given an optimistic view to the current ratings.

Next Story
Real Estate

Compact Homes Lead Demand as Indian Housing Market Stabilises: Magicbricks

Magicbricks, India’s leading real estate platform, has released its PropIndex Report for July–September 2025, revealing signs of stabilisation in the housing market. Despite affordability pressures, housing demand grew 3.1 per cent QoQ, driven largely by compact homes. The share of 1–2 BHK units rose to 54 per cent of total demand, reversing a two-year decline and signalling renewed focus on affordability.While overall supply increased marginally by 1 per cent QoQ (–4.5 per cent YoY), property prices continued to rise. Pune (+41.4 per cent YoY), Mumbai (+29.6 per cent YoY), and Greater..

Next Story
Infrastructure Urban

Flytta Launches India’s First Retrofitted Electric Truck for the Heavy-Duty Segment

Flytta has unveiled India’s first retrofitted 13-ton payload capacity electric truck, specially designed for cement bag transportation across challenging ghat roads and industrial terrains. Developed by Kalyani Powertrain (KPTL)—the electric mobility arm of the Kalyani Group—the truck will operate with Dalmia Cement on the Yadwad–Goa corridor.This industry-first collaboration brings together Flytta’s sustainable logistics expertise, Kalyani’s engineering capabilities in EV retrofitting, and Dalmia Cement’s commitment to green manufacturing. The partnership marks a significant ste..

Next Story
Infrastructure Urban

REC Launches Rs 50.71 Mn Mobile Medical Units in Rajasthan

In a bid to make quality healthcare accessible to remote and underserved communities, REC has extended financial support of Rs 50.71 million under its CSR initiative to the Indian Red Cross Society, Alwar, for operating five Mobile Medical Units (MMUs) over the next three years.The MMUs were flagged off on October 5, 2025, by Bhupender Yadav, Hon’ble Union Minister of Environment, Forest & Climate Change, and Sanjay Sharma, Minister of Environment, Forest & Climate Change and Science & Technology, Government of Rajasthan.The event was attended by members of the REC CSR team, M L ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?