“GIL becomes the only pure-play airports platform with strong cash flow generation potential (in India). According to CAPA, GMR Infrastructure is world’s second largest private airport operator after France’s VINCI Airports. It is the only Indian airport developer having strongest international presence,” it added.

GIL’s airport portfolio has around 18.2 crore per annum passenger capacity (pre-Covid) in operation and under development. The operating airports include: IGIA in Delhi, RGIA in Hyderabad, Mactan Cebu International Airport in Philippines (in partnership with Megawide) and Medan Airport, Indonesia (with Indonesia’s Angkasa Pura II).

The greenfield projects under development include Mopa in Goa and Heraklion International Airport in Crete, Greece, (in partnership with GEK Terna). It will build Bhogapuram greenfield airport in Andhra Pradesh. It has also signed the concession agreement to commission, operationalise and maintain the civilian enclave at the Bidar Airport in north Karnataka.

(With inputs from agencies)