NIIF to invest Rs 6.31 bn in GMR’s Mopa, Goa airport
AVIATION & AIRPORTS

NIIF to invest Rs 6.31 bn in GMR’s Mopa, Goa airport

The National Investment and Infrastructure Fund (NIIF) will invest Rs 6.31 billion in upcoming greenfield airport at Mopa in north Goa, being built by GMR Airports Ltd (GAL), the airport business holding entity of GMR Airports Infrastructure.

The two entities announced a financial partnership for NIIF to invest in the equity capital of three airport projects. These include the greenfield international airports at Mopa and Bhogapuram in Andhra Pradesh.

The agreement envisages NIIF making a primary investment of Rs 6.31 billion in the form of Compulsory Convertible Debentures (CCD) in GMR Goa International Airport Ltd (GGIAL), a special purpose vehicle to run and operate the new Goa Airport. The transaction is subject to customary completion conditions and approvals.

This will be NIIF's first investment in an airport asset in the country and its first direct investment in the state of Goa.

GGIAL, in 2016, was awarded the concession to develop and operate a second airport in Goa on a design, build, finance, operate and transfer (DBFOT) basis. Mopa airport has already received its aerodrome license and upon commissioning, will form part of the first dual-airport system in India alongside Dabolim airport.

GMR Airports is the largest private airport operator in Asia and second largest in the world. It has Groupe ADP as its strategic partner with a 49% stake. In India, GMR operates the Delhi and Hyderabad Airports.

See also:
GMR Hyderabad Airport to raise Rs 12.50 bn via NCDs
Noida Airport to survey for phase II land acquisition


The National Investment and Infrastructure Fund (NIIF) will invest Rs 6.31 billion in upcoming greenfield airport at Mopa in north Goa, being built by GMR Airports Ltd (GAL), the airport business holding entity of GMR Airports Infrastructure. The two entities announced a financial partnership for NIIF to invest in the equity capital of three airport projects. These include the greenfield international airports at Mopa and Bhogapuram in Andhra Pradesh. The agreement envisages NIIF making a primary investment of Rs 6.31 billion in the form of Compulsory Convertible Debentures (CCD) in GMR Goa International Airport Ltd (GGIAL), a special purpose vehicle to run and operate the new Goa Airport. The transaction is subject to customary completion conditions and approvals. This will be NIIF's first investment in an airport asset in the country and its first direct investment in the state of Goa. GGIAL, in 2016, was awarded the concession to develop and operate a second airport in Goa on a design, build, finance, operate and transfer (DBFOT) basis. Mopa airport has already received its aerodrome license and upon commissioning, will form part of the first dual-airport system in India alongside Dabolim airport. GMR Airports is the largest private airport operator in Asia and second largest in the world. It has Groupe ADP as its strategic partner with a 49% stake. In India, GMR operates the Delhi and Hyderabad Airports. See also: GMR Hyderabad Airport to raise Rs 12.50 bn via NCDsNoida Airport to survey for phase II land acquisition

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?