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 Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Infrastructure Energy

05 Nov 2025

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Infrastructure Urban

05 Nov 2025

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..