+
Delhi International Airport to raise funds up to Rs 16 bn via debentures
AVIATION & AIRPORTS

Delhi International Airport to raise funds up to Rs 16 bn via debentures

In order to finance the remaining capital expenses for capacity development by September 2023, Delhi International Airport (DIAL), a GMR group subsidiary, will issue up to Rs 16 billion through debentures. The project cost had been incurred as of the end of August 2022, totaling Rs. 77.65 billion.

The anticipated NCDs (an alternative to lease finance loan), Real estate Security Deposits (RSDs), and cash on hand designated for the project are estimated to cover the project's outstanding cost of Rs 37.85 billion.

To enhance the passenger capacity to 100 million by September 2023, DIAL is now engaged in a significant capital expenditure (capex) initiative. Due to the COVID epidemic, the capex schedule was changed from June 2022 to September 2023.

Due to the considerable decrease in internal accruals caused by the Covid-19 disruptions in FY2021 and FY2022, the business issued bonds in March 2021 and June 2022 to generate extra debt.

Also read:
Five Infrastructure Initiatives to Boost Access to Navi Mumbai Airport
Airlines to avail up to Rs 15 bn loan under ECLGS


In order to finance the remaining capital expenses for capacity development by September 2023, Delhi International Airport (DIAL), a GMR group subsidiary, will issue up to Rs 16 billion through debentures. The project cost had been incurred as of the end of August 2022, totaling Rs. 77.65 billion. The anticipated NCDs (an alternative to lease finance loan), Real estate Security Deposits (RSDs), and cash on hand designated for the project are estimated to cover the project's outstanding cost of Rs 37.85 billion. To enhance the passenger capacity to 100 million by September 2023, DIAL is now engaged in a significant capital expenditure (capex) initiative. Due to the COVID epidemic, the capex schedule was changed from June 2022 to September 2023. Due to the considerable decrease in internal accruals caused by the Covid-19 disruptions in FY2021 and FY2022, the business issued bonds in March 2021 and June 2022 to generate extra debt. Also read: Five Infrastructure Initiatives to Boost Access to Navi Mumbai Airport Airlines to avail up to Rs 15 bn loan under ECLGS

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?