GMR Airports Limited (NSE: GMRAIRPORT, BSE: 532754) has announced the incorporation of a new wholly-owned subsidiary, GMR Cargo and Logistics Limited, to spearhead its expansion into the cargo and logistics sector. The move comes as part of the company's strategy to undertake the Cargo City Project at Indira Gandhi International Airport, New Delhi.

Key Highlights

• New Subsidiary: GMR Cargo and Logistics Limited was incorporated on September 11, 2025.
• Purpose: To manage the Cargo City Project at Delhi Airport and pursue other cargo and logistics opportunities.
• Initial Capital: The subsidiary has a paid-up share capital of Rs. 10.00 crore, comprising 1 crore equity shares of Rs. 10.00 each.
• Board Approval: The incorporation follows board approval granted on August 21, 2025.
• Regulatory Compliance: The transaction is not considered a related party transaction and required no governmental or regulatory approvals.

Project Details

The newly formed subsidiary will be responsible for executing the Cargo City Project at Indira Gandhi International Airport, which was awarded to GMR Airports Limited by Delhi International Airport Limited (DIAL). This strategic move positions GMR Airports to strengthen its presence in the cargo and logistics sector, potentially opening up new revenue streams and growth opportunities.

Corporate Structure

GMR Cargo and Logistics Limited has been established as a Special Purpose Vehicle (SPV) and is a wholly-owned subsidiary of GMR Airports Limited. The parent company, formerly known as GMR Airports Infrastructure Limited, continues to expand its portfolio in the aviation sector.

Market Impact

The incorporation of this new subsidiary demonstrates GMR Airports' commitment to diversifying its operations and capitalizing on the growing demand for efficient cargo handling and logistics services. As the aviation industry continues to evolve, this move could potentially enhance GMR Airports' competitive position in the market.

Investors and stakeholders will be watching closely to see how this new venture contributes to GMR Airports' overall growth strategy and financial performance in the coming years.

GMR Airports , a key player in the Indian aviation infrastructure sector, recently witnessed a substantial block trade on the National Stock Exchange (NSE), signaling notable investor activity in the company's shares.

Block Trade Details

The block trade involved approximately 50,947,817 shares of GMR Airports, which were transacted at a price of Rs. 87.51 per share. The total value of this significant trade amounted to Rs. 445.84 crores, highlighting the scale of the transaction and potential investor interest in the company.

Company Operations Update

While the block trade has drawn attention to GMR Airports, the company has also been making strides in its operational expansion. According to the latest Listing Obligations and Disclosure Requirements (LODR) filing, GMR Airports Limited has recently commenced duty-free retail operations at Rajiv Gandhi International Airport (RGIA) in Hyderabad.

Key Points from LODR Filing

• Commencement Date: GMR Airports began duty-free operations at RGIA on September 10, 2025.
• Master Concession Agreement: The company was awarded a long-term master concession by GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports, in July 2023.
• Transition Period: From July 2023 to September 09, 2025, the duty-free operations at RGIA were managed by the previous operator.

This operational update underscores GMR Airports' efforts to expand its non-aero commercial activities, potentially enhancing its revenue streams and market position in the airport infrastructure sector.

The recent block trade, coupled with the company's operational developments, may reflect growing investor interest in GMR Airports' business strategy and future prospects in the aviation infrastructure industry.