GMR Airports Infrastructure Limited (GAL) has unveiled plans to expand its passenger handling capacity to over 400 million by 2030, marking a significant development in India's aviation infrastructure.

Expansion Strategy

The company's growth strategy includes:

• Commissioning new airports, with a focus on the recently opened Mopa Airport in Goa
• Expanding existing facilities, particularly at Hyderabad Airport
• Developing integrated Aerocity ecosystems around Delhi and Goa airports

Financial Performance

GAL reported financial results for Q2 FY2026:

Operational Highlights

• GAL-owned airports handled 27.8 million passengers in Q2 FY2026
• Delhi Airport processed 17.6 million passengers
• Hyderabad Airport saw 7.3 million travelers

Strategic Initiatives

The company is pursuing growth in airport adjacency businesses:

• Took over Delhi Duty Free operations on July 28, 2025
• Assumed control of Hyderabad Duty Free on September 10, 2025
• Awarded a concession to develop and operate the Cargo City at Delhi's Indira Gandhi International Airport

Refinancing Activities

GAL has undertaken refinancing efforts to optimize its debt structure:

• Raised ₹5,900.00 crore through Non-Convertible Bonds
• Delhi International Airport Limited (DIAL) raised ₹1,000.00 crore via Non-Convertible Debentures

Regulatory Developments

The company received a judgment from the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) regarding tariff-related matters for its Mopa (Goa) Airport operations.

Infrastructure Development

GAL continues to progress on several infrastructure projects:

• Delhi Airport: Constructing a commercial office building and a luxury hotel
• Hyderabad Airport: Nearing completion of an MRO facility for Safran
• Mopa (Goa) Airport: Developing third-party hotel projects

Outlook

With its expansion plans and financial performance, GMR Airports Infrastructure aims to capitalize on the growing demand for air travel in India and contribute to the country's aviation infrastructure development.

GMR Airports has announced a significant development for its subsidiary, GMR Hyderabad International Airport Limited (GHIAL). The Airports Economic Regulatory Authority of India (AERA) has approved GHIAL's request to maintain consistent aeronautical charges for the Rajiv Gandhi International Airport in Hyderabad throughout the fiscal year 2025-26.

Tariff Consistency Approval

AERA issued an amendment on October 31, 2025, allowing GHIAL to collect aeronautical charges at the same rates for the entire FY2025-26. This decision extends the rates that were previously applicable from April 1, 2025, to December 31, 2025, through the final quarter of the fiscal year (January 1, 2026, to March 31, 2026).

Background and Implications

The original tariff determination order, issued by AERA in August 2021, had set slightly lower rates for the final quarter of FY2025-26 compared to the preceding quarters. This new amendment ensures consistency in the following charges throughout the fiscal year:

• Landing charges
• Parking charges
• User Development Fees (UDF)

Regulatory Transparency

As part of its commitment to transparency, GMR Airports has made the relevant AERA orders publicly accessible:

• The amendment order dated October 31, 2025, is available at: https://aera.gov.in/uploads/airports/17619812247569.pdf
• The original tariff determination order dated August 31, 2021, can be found at: aera.gov.in/uploads/airports/16466584108771.pdf (relevant pages: 297 to 300)

This regulatory update demonstrates the ongoing dialogue between airport operators and regulatory authorities in managing aeronautical charges, which play a crucial role in airport economics and passenger costs.

The consistency in tariff rates throughout FY2025-26 may provide more stability for both the airport operator and airlines in their financial planning and operations at Rajiv Gandhi International Airport, Hyderabad.