GMR Takes Over Cargo Terminal Operations at IGI Airport
AVIATION & AIRPORTS

GMR Takes Over Cargo Terminal Operations at IGI Airport

GMR Airports Limited has been awarded the concession to operate, maintain and manage the existing cargo terminal at Indira Gandhi International Airport, New Delhi. The move follows the immediate termination of Celebi’s agreement by Delhi International Airport Limited, a GMR subsidiary.

The Ministry of Civil Aviation issued a directive on May fifteen, revoking the security clearance of Celebi group entities in India due to national security concerns. In compliance, DIAL cancelled Celebi’s concession and reassigned the responsibility to GMR, which already holds the required security clearance as a regulated agent.

This transaction qualifies as a related party transaction but has been carried out on an arm’s length basis. The company confirmed that there is no direct interest from promoters or group companies, aside from indirect shareholding in both GMR Airports and DIAL.

GMR stated this step ensures uninterrupted cargo operations at the airport while complying with the government’s directive. The company has officially notified stock exchanges, including BSE and NSE, about the development under Securities and Exchange Board of India regulations.

Source:GMR Airports Limited  

GMR Airports Limited has been awarded the concession to operate, maintain and manage the existing cargo terminal at Indira Gandhi International Airport, New Delhi. The move follows the immediate termination of Celebi’s agreement by Delhi International Airport Limited, a GMR subsidiary.The Ministry of Civil Aviation issued a directive on May fifteen, revoking the security clearance of Celebi group entities in India due to national security concerns. In compliance, DIAL cancelled Celebi’s concession and reassigned the responsibility to GMR, which already holds the required security clearance as a regulated agent.This transaction qualifies as a related party transaction but has been carried out on an arm’s length basis. The company confirmed that there is no direct interest from promoters or group companies, aside from indirect shareholding in both GMR Airports and DIAL.GMR stated this step ensures uninterrupted cargo operations at the airport while complying with the government’s directive. The company has officially notified stock exchanges, including BSE and NSE, about the development under Securities and Exchange Board of India regulations.Source:GMR Airports Limited  

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?