A recent ruling by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) could potentially result in a significant increase in user fees at Delhi Airport, operated by GMR Airports Infrastructure Ltd . This decision comes in light of a substantial ₹50,000 crore shortfall faced by the airport.

Impact on Airport Users and GMR Airports

The TDSAT ruling is expected to have far-reaching consequences:

1. User Fee Hike: Passengers and other airport users may face substantially higher charges when using Delhi Airport's facilities.

2. Revenue Recovery: The decision is likely to affect GMR Airports Infrastructure Ltd's revenue recovery mechanism at one of India's busiest airports.

3. Financial Implications: The ruling addresses a massive shortfall of ₹50,000 crore, highlighting the financial challenges faced by the airport operator.

Potential Consequences

While the exact details of the fee increase are yet to be determined, the ruling's implications could be significant:

• Passenger Costs: Travelers might see a notable rise in various airport charges, potentially impacting ticket prices.
• Airline Operations: Airlines operating at Delhi Airport may need to adjust their pricing strategies to accommodate the increased fees.
• Airport Development: The additional revenue could potentially be used for infrastructure improvements and expansion projects at the airport.

It's important to note that the implementation details and timeline for these changes are yet to be announced. Stakeholders, including passengers, airlines, and airport authorities, will be closely watching how this ruling unfolds and its impact on Delhi Airport's operations and user experience.

As one of India's busiest airports, any significant change in fees at Delhi Airport could have ripple effects across the country's aviation sector. The coming weeks may provide more clarity on how GMR Airports Infrastructure Ltd plans to address this ruling and manage the substantial financial shortfall.

GMR Airports Limited , a key player in the Indian aviation infrastructure sector, has taken a significant step to support the development of Cargo City at Delhi International Airport. The company has provided a Sponsor Support Undertaking (SSU) and pledged 51% of its shares in its wholly-owned subsidiary, GMR Cargo and Logistics Limited (GCLL), to secure a ₹750 crore term loan from Axis Bank.

Project Financing and Support Details

The loan facility, availed by GCLL, is aimed at partially funding the estimated project cost for developing the Cargo City at Delhi International Airport. The support provided by GMR Airports Limited includes:

1. Subordination of existing and future loans to GCLL
2. Commitment to infuse additional funds in case of cost overruns in Phase 1 of the project
3. Pledge to replenish the Debt Service Reserve Account (DSRA) if GCLL fails to do so

The SSU will remain valid throughout the construction period of Phase 1 plus one year of operations, unless otherwise agreed between GMR Airports and Axis Bank.

Security Arrangement

To secure the loan facility, GMR Airports has provided:

• A Sponsor Support Undertaking (SSU)
• Pledge or Non-Disposal Undertaking (NDU) or a mix of both on 51% of GCLL shares

Project Background

GCLL signed a concession agreement with Delhi International Airport Limited (DIAL) on September 26, 2025, for the development, maintenance, and operation of the Cargo City in Delhi.

Financial Snapshot

While the immediate impact of this transaction on GMR Airports Limited is reported to be minimal, it's worth looking at the company's recent financial position:

The company's balance sheet shows a strong investment position, with investments accounting for a significant portion of its total assets. Despite a slight decrease in total assets, GMR Airports has maintained a stable equity position and reduced its current liabilities.

This strategic move by GMR Airports Limited underscores its commitment to expanding India's aviation infrastructure. The development of Cargo City at Delhi International Airport is expected to enhance the airport's cargo handling capabilities, potentially boosting trade and logistics in the region.