GMR Airports looks abroad, Jakarta emerges as promising opportunity

26 Feb 2024 CW Team

Operating five airports?three in India (including Delhi) and two overseas?GMR Airports Infrastructure witnessed a 22% year-on-year increase in passenger traffic, totalling around 100 million passengers in the first nine months of FY24. Notably, the country's busiest airstrip, Delhi Aiport, contributes significantly to this traffic.

GQG Partner, led by Rajiv Jain, holds a nearly 5% stake in the company. Jain expressed bullish sentiments in a recent television interview, predicting a valuation of over $10 billion solely for Delhi Airport. The company's stock has surged more than twofold over the past year.

Regarding international opportunities, GMR Airports Infrastructure clarified during the conference that it isn't aggressively pursuing airport acquisitions but rather focusing on assets that could enhance the international passenger mix. Targeting gateway airports in regions with established regulatory frameworks, the company aims to collaborate with local partners well-versed in local regulations to streamline operations.

Within its overseas portfolio, GMR oversees airports in Indonesia and the Philippines, both experiencing notable increases in passenger traffic in FY24. Notably, the airport in Cebu witnessed a remarkable 54% surge.

While greenfield airport opportunities are limited in the domestic market, the company is exploring brownfield projects with the intent of participating in airport privatisation ventures, prioritising those with capacities exceeding 5 million passengers annually.

GMR Airports Infrastructure has succeeded with its acquired airports, exemplified by Goa Airport turning EBITDA positive within three quarters. The company is also expanding Goa's capacity to 8 million passengers, potentially growing to 33 million over a 55-year concession period. Hyderabad International Airport saw increased ownership last year, with GMR acquiring an additional 11% stake from Malaysia Airports Holding, bringing its total ownership to 74%.

GMR Airports Infrastructure, the airport operator, is actively exploring opportunities abroad, particularly in the Middle East, South Asia, the Philippines, and Jakarta. Meanwhile, within India, the company is eyeing available brownfield prospects. At a recent analyst conference named Chasing Growth 2024, organised by Kotak Institutional Equities, the management emphasised its interest in airports capable of accommodating over 5 million passengers. Operating five airports?three in India (including Delhi) and two overseas?GMR Airports Infrastructure witnessed a 22% year-on-year increase in passenger traffic, totalling around 100 million passengers in the first nine months of FY24. Notably, the country's busiest airstrip, Delhi Aiport, contributes significantly to this traffic. GQG Partner, led by Rajiv Jain, holds a nearly 5% stake in the company. Jain expressed bullish sentiments in a recent television interview, predicting a valuation of over $10 billion solely for Delhi Airport. The company's stock has surged more than twofold over the past year. Regarding international opportunities, GMR Airports Infrastructure clarified during the conference that it isn't aggressively pursuing airport acquisitions but rather focusing on assets that could enhance the international passenger mix. Targeting gateway airports in regions with established regulatory frameworks, the company aims to collaborate with local partners well-versed in local regulations to streamline operations. Within its overseas portfolio, GMR oversees airports in Indonesia and the Philippines, both experiencing notable increases in passenger traffic in FY24. Notably, the airport in Cebu witnessed a remarkable 54% surge. While greenfield airport opportunities are limited in the domestic market, the company is exploring brownfield projects with the intent of participating in airport privatisation ventures, prioritising those with capacities exceeding 5 million passengers annually. GMR Airports Infrastructure has succeeded with its acquired airports, exemplified by Goa Airport turning EBITDA positive within three quarters. The company is also expanding Goa's capacity to 8 million passengers, potentially growing to 33 million over a 55-year concession period. Hyderabad International Airport saw increased ownership last year, with GMR acquiring an additional 11% stake from Malaysia Airports Holding, bringing its total ownership to 74%.

Infrastructure Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Infrastructure Urban

01 Jun 2026

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Infrastructure Urban

01 Jun 2026

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..