GMR Airports Moves Forward with Nagpur Airport Takeover, Expected in Q1 FY26

Progress on Acquisition  
GMR Airports Ltd is advancing its plans to take over operations at Nagpur’s Dr. Babasaheb Ambedkar International Airport, with the process expected to be completed in the first quarter of FY26. The transition is part of a broader strategy to enhance airport infrastructure and operational efficiency.  

Key Developments  
- The takeover is being facilitated under a concession agreement with Mihan India Limited, the current operator.  
- A final approval from the Airports Authority of India for land transfer is awaited.  
- GMR has secured a loan of 2,600 crore rupees from Tata Capital to support the airport’s expansion and modernization.  

Infrastructure Expansion  
- The company plans to increase the airport’s capacity to handle 30 million passengers annually.  
- The first phase will include a new terminal designed for 3 million passengers per year and a cargo facility capable of processing 20,000 metric tonnes.  
- Additional upgrades will involve a new air traffic control tower and expanded airside infrastructure.  

Market Implications  
- The takeover is expected to boost regional connectivity and economic activity.  
- Investors and stakeholders are closely monitoring the approval process and subsequent developments.  
- The expansion aligns with GMR’s broader vision of strengthening airport operations across India.  

Sources: Times of India, SN Capital, Hindustan Times