GMR Airports Infrastructure Limited (GMR Airports) has announced a significant development in its operations at Delhi Airport. The company revealed that Terminal 2 at Delhi Airport is scheduled to commence operations on October 26, marking a notable expansion in the airport's capacity.

Expansion of Delhi Airport Capacity

The activation of Terminal 2 represents a strategic move to enhance the operational capabilities of one of India's busiest airports. This development is expected to address the growing air traffic demands and improve the overall passenger experience at Delhi Airport.

Implications for Air Travel

The launch of Terminal 2 operations is likely to have several positive implications:

• Increased Passenger Handling: The new terminal is expected to significantly boost the airport's capacity to handle more passengers, potentially reducing congestion during peak travel times.

• Enhanced Airport Infrastructure: This expansion demonstrates GMR Airports' commitment to improving and modernizing airport infrastructure in India.

• Potential Economic Impact: The increased capacity could contribute to the growth of air travel in the region, potentially benefiting both the aviation sector and related industries.

About GMR Airports Infrastructure Limited

GMR Airports Infrastructure Limited is a key player in the Indian aviation sector, known for developing and managing several major airports in India and abroad. The company's portfolio includes Delhi International Airport, which is one of the busiest airports in India and serves as a crucial hub for domestic and international air travel.

The launch of Terminal 2 operations at Delhi Airport underscores GMR Airports' ongoing efforts to enhance airport infrastructure and meet the evolving needs of air travelers in India. As the October 26 launch date approaches, stakeholders in the aviation industry will be keenly watching the impact of this expansion on Delhi Airport's operations and the broader air travel landscape in the country.

GMR Airports Limited's subsidiary, GMR Goa International Airport Limited (GGIAL), has secured a significant victory in its appeal against the Airports Economic Regulatory Authority's (AERA) tariff order for Manohar International Airport, Goa. The Telecom Disputes Settlement & Appellate Tribunal (TDSAT) has ruled in favor of GGIAL, quashing and setting aside various aspects of AERA's Tariff Order No. 27/2023-24 dated December 7, 2023.

Key Points of the TDSAT Judgment

The tribunal's decision addresses several crucial issues raised by GGIAL in its appeal:

1. Project Management Consultancy (PMC) Expenses: TDSAT has directed AERA to reconsider the reduction of PMC expenses.

2. Revenue Determination: The judgment calls for a reassessment of the determination of aeronautical and non-aeronautical revenue, along with associated taxes.

3. Tariff Rate Card: AERA has been instructed to review the finalization of the tariff rate card.

4. License Fees: The treatment of license fees is to be reconsidered by AERA.

Implications for Manohar International Airport

The original tariff order by AERA was intended to determine aeronautical charges for the first control period from April 1, 2023, to March 31, 2028. With this ruling, AERA will need to reassess these charges, potentially impacting the airport's financial structure and operations for the specified period.

GMR Airports Limited's Disclosure

In compliance with SEBI regulations, GMR Airports Limited (formerly GMR Airports Infrastructure Limited) disclosed this development to the stock exchanges. The company stated that TDSAT has upheld GGIAL's contentions by quashing and setting aside various appealed matters from the aforementioned Tariff Order.

Looking Ahead

This ruling marks a significant development for GGIAL and potentially for the broader airport infrastructure sector in India. It underscores the importance of fair and transparent tariff-setting processes in the aviation industry. Stakeholders will be keenly watching how AERA responds to the TDSAT's directives and what implications this may have for future tariff orders at other airports.

The detailed TDSAT order is available for public access, providing transparency in the regulatory process and allowing for further analysis by industry experts and stakeholders.

As the situation develops, it will be crucial to monitor how this decision impacts GGIAL's operations, financial planning, and the overall passenger experience at Manohar International Airport, Goa.