Latest news with #GMR
News18
21 hours ago
- Business
- News18
Rajiv Gandhi International Airport Receives ACI Accessibility Accreditation, Check Details
Last Updated: The ACI Accessibility Enhancement Accreditation Programme is a global initiative designed to help airports assess and improve their accessibility standards, a GMR release said. The GMR Hyderabad International Airport Ltd (GHIAL) on Tuesday said that the Rajiv Gandhi International Airport (RGIA) here has been awarded the ACI Accessibility Accreditation – Level 1 by Airports Council International (ACI) World. The ACI Accessibility Enhancement Accreditation Programme is a global initiative designed to help airports assess and improve their accessibility standards, a GMR release said. Level 1 serves as the foundational tier, guiding airports to identify existing barriers, evaluate current infrastructure and services, and begin implementing internationally recognised best practices, it said. RGIA was assessed on key parameters, including physical infrastructure (such as ramps, signage, and accessible restrooms), passenger services (including assistance programmes and communication aids), staff training, and the airport's organisational culture and leadership commitment to 'inclusivity", it said. The prestigious recognition marks a major milestone in RGIA's journey towards creating a more inclusive, accessible, and dignified travel experience for all passengers, including those with disabilities and reduced mobility, the release said. 'We are honoured to receive the ACI Accessibility Accreditation – Level 1, a meaningful recognition of our unwavering commitment to building an inclusive airport experience," Pradeep Panicker, CEO, GMR Hyderabad International Airport Ltd said. view comments First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
23-07-2025
- Business
- Time of India
Airport Firm GMR mulls rupee-bond sale of Rs 5,000 crore
GMR Airports Ltd . is considering a Rs 5,000 crore ($579 million) local-currency bond sale, according to people familiar with the matter, in what could be a record rupee issuance for India's second-largest private airport operator. The New Delhi-based company is considering to raise the funds through a note due in 18-months to three years and will use the proceeds to refinance existing debt, one of the people said, asking not to be identified as the details are private. The firm may aim to price the securities at about 10.5%, the person said. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Artificial Intelligence Healthcare Digital Marketing Operations Management Design Thinking Data Analytics Data Science Data Science Project Management Product Management Degree Technology Public Policy Cybersecurity MCA PGDM Finance MBA Others CXO Leadership Management others Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A genetic disorder that is damaging his organs. Help my son Donate For Health Donate Now A representative for GMR Airports didn't respond to an email seeking comments. Bonds Corner Powered By Airport Firm GMR mulls rupee-bond sale of Rs 5,000 crore GMR Airports Ltd. is considering a Rs 5,000 crore ($579 million) local-currency bond sale, according to people familiar with the matter, in what could be a record rupee issuance for India's second-largest private airport operator. Buyers flee Japanese bonds as political, fiscal risks rise India bonds little changed as traders await fresh cues India's corporate bond market booms: Record Rs 10 trillion raised in corporate bonds in 2025, says Rajkumar Subramanian of PL Wealth India bonds flat as traders look ahead to RBI policy; liquidity ebbs Browse all Bonds News with The Economic Times earlier reported the company is looking to raise 57 billion rupees. The company is planning to tap the market as a cumulative 100-basis-point reduction by the central bank this year brings down borrowing costs. The fundraising underscores growth prospects for India's aviation sector and comes at a time when GMR is looking to expand its footprint in the country. Live Events GMR, along with the country's largest airport operator Adani Airport Holdings Ltd., is expected to be among the top contenders as the government looks to privatize 11 airports. If the deal goes through, it will be GMR's largest-ever rupee offering, according to data compiled by Bloomberg. It has three local-currency bonds amounting to 50 billion rupees maturing next year. Care Ratings last month upgraded GMR Airports' loans and bonds to A from BBB+ and expects the firm's business to be supported by favorable outlook for the airport sector. GMR's unit Delhi International Airport Ltd. is also planning to issue 10 billion rupees worth of bonds, according to people familiar with the matter.
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Business Standard
23-07-2025
- Business
- Business Standard
GMR Airports plans record $579 mn rupee-bond sale to refinance debt
The New Delhi-based company is considering to raise the funds through a note due in 18-months to three years and will use the proceeds to refinance existing debt Bloomberg By Divya Patil and Saikat Das GMR Airports Ltd. is considering a ₹5,000 crore ($579 million) local-currency bond sale, according to people familiar with the matter, in what could be a record rupee issuance for India's second-largest private airport operator. The New Delhi-based company is considering to raise the funds through a note due in 18-months to three years and will use the proceeds to refinance existing debt, one of the people said, asking not to be identified as the details are private. The firm may aim to price the securities at about 10.5 per cent, the person said. The Economic Times earlier reported the company is looking to raise ₹5,700 crore. The company is planning to tap the market as a cumulative 100-basis-point reduction by the central bank this year brings down borrowing costs. The fundraising underscores growth prospects for India's aviation sector and comes at a time when GMR is looking to expand its footprint in the country. GMR, along with the country's largest airport operator Adani Airport Holdings Ltd., is expected to be among the top contenders as the government looks to privatize 11 airports. If the deal goes through, it will be GMR's largest-ever rupee offering, according to data compiled by Bloomberg. It has three local-currency bonds amounting to ₹5,000 crore maturing next year. Care Ratings last month upgraded GMR Airports' loans and bonds to A from BBB+ and expects the firm's business to be supported by favorable outlook for the airport sector. GMR's unit Delhi International Airport Ltd. is also planning to issue ₹1,000 crore worth of bonds, according to people familiar with the matter.
Time of India
19-07-2025
- Time of India
Phuket-bound Air India Express flight returns to Hyderabad after takeoff
Representational Image HYDERABAD: An Air India Express flight bound for Phuket, Thailand, returned to the Hyderabad airport less than half an hour after take-off due to a technical snag. The aircraft was carrying more than 100 people, including passengers and the crew. The Boeing aircraft, operating as IX 110, had already experienced a 20-minute delay at the airport. Originally scheduled for a 6.20am departure, the flight took off at 6.40am but returned by 6.57am. The aircraft had reached an altitude between 5,000 and 10,000 feet when crew identified the snag. GMR authorities told TOI that Air India arranged for an alternative flight for passengers which reached Phuket at 11.45am. Exactly a month ago, a Tirupati-bound Spicejet flight from Hyderabad had faced a similar situation.
Business Standard
17-07-2025
- Business
- Business Standard
GMR Airports gains as passenger traffic climbs 3% YoY in Q1 FY26
GMR Airports Infrastructure rose 1.52% to Rs 95.27 after the company reported a 3.3% year-on-year (YoY) increase in passenger traffic across all GMR airports, reaching over 30.1 million passengers in Q1 FY26. Domestic passenger traffic grew 2.9% YoY, while international traffic saw a sharper rise of 4.6% YoY during the quarter. Delhi Airport handled around 19 million passengers in the quarter, down 1.2% YoY, while Hyderabad Airport handled around 8 million passengers, up 17.1% YoY. Aircraft movements also increased by 5.6% YoY in Q1 FY26, totaling 190,002 movements. In June 2025, GMR Airports handled 9.7 million passengers, up 0.9% YoY, while aircraft movements rose 2.6% YoY to 61,251. GMR Airports Infrastructure is mainly engaged in the development, maintenance, and operation of airports; generation of power; coal mining and exploration activities; development of highways; and development, maintenance, and operation of special economic zones. The companys consolidated net loss widened to Rs 252.66 crore in Q4 FY25 as against a net loss of Rs 167.58 crore reported in Q4 FY24. Revenue from operations jumped 17.02% year on year (YoY) to Rs 2,863.34 crore in the quarter ended 31 March 2025.
