Uttar Pradesh govt completes first phase of funding for Noida airport

12 Aug 2021 CW Team

The Uttar Pradesh government announced the complete funding of the first phase of the aviation project, for which the State Bank of India (SBI) and Noida International Airport Ltd (NIAL) signed a deal.

According to the officials, the financial agreement was signed between Yamuna International Airport Pvt Ltd (YIAPL), SBI and NIAL. The nodal agency of the project was set up by the UP government.

The stakeholders even signed a substitution agreement and an escrow agreement. The airport's financial clauses were also completed, officials said.

As per a statement, YIAPL raised Rs 3,725 crore from SBI as debt for the project, which will be paid back in 20 years with a one-year moratorium after completing the project. It is one of the largest financings for Indian Greenfield airport.

It further said that the project funding is a debt-to-equity with a ratio of 65:35. The lead shareholder of YIAPL is Zurich Airport International AG (ZAIA), providing Rs 2,005 crore as equity for the development of Noida International Airport.

CEO of NIAL, Arun Vir Singh, said he would enable its team to focus on the construction for the development of the airport.

Shailendra Bhatia, the nodal officer, explained the financial close, which means that the funding related to the project had been completed, and the project was ready for construction.

As per the agreement, YIAPL has to pay 65% of the cost incurred on the project through SBI's funding, while the remaining would be infused with the parent company.

The Noida International Airport will be India's biggest airport after completion. The Greenfield project's first phase covers 1,334 hectares, with two runways, officials said.

Image Source

Also read: Zurich Airport inks pact for Noida International Airport development

Also read: UP govt okays ph 2 land acquisition for Noida airport

Resources

26 Jun 2026

G R Infraprojects Founder Vinod Agarwal Passes Away

Vinod Kumar Agarwal, Founder and Promoter of G R Infraprojects, has passed away. He had been associated with the company since its inception in 1995. His vision, determination and entrepreneurial acumen laid the foundation for the company and helped shape its growth into a leading name in India’s infrastructure sector.Agarwal served as Managing Director from 2008 to 2021 and later as Chairman and Whole-time Director from 2021 to 2025. He stepped down from the office of Director on 10 November 2025. During his leadership tenure, the company moved through significant phases of growth, operatio..

Centre Prioritising Energy Security With Coal Gasification

Union minister for Coal and Mines G Kishan Reddy said the Centre is prioritising energy security through a strategic shift to coal gasification and has announced incentives totalling Rs 460 billion (bn) to support the effort. He said more than 35 companies will start coal gasification activities in India within two months and that the government is encouraging firms that bring technology to close the domestic technology gap. The minister described the initiative as aimed at reducing import dependence and developing indigenous capacity. India has the fifth-largest coal reserve in the world, and..

BHEL and Coal India Invest Rs 250 bn in Odisha Gasification

Bharat Heavy Electricals (BHEL) and Coal India (CIL) are jointly investing Rs 250 billion in a coal gasification project in Odisha, with the Prime Minister laying the foundation stone in Jharsuguda. Union Coal and Mines Minister G Kishan Reddy described the initiative as a transformative shift in coal utilisation that will open industrial avenues for the state. The project moves coal beyond conventional power generation to industrial feedstocks. Coal gasification will convert coal into synthesis gas, a versatile feedstock for chemicals, fertilisers and synthetic fuels, and the technology is ex..