GMR Hyderabad International Airport Limited (GHIAL), a step-down subsidiary of GMR Infrastructure Limited (GIL), has received a letter of confirmation from the Ministry of Civil Aviation (MoCA) extending the term of the Concession Agreement for operating Rajiv Gandhi International Airport in Hyderabad for a further period of 30 years - from March 23, 2038 up to March 22, 2068. This extension is in terms of the Concession Agreement dated December 20, 2004.
The strategically located, Rajiv Gandhi International Airport at Hyderabad has established the city prominently on the global aviation map, and continues to contribute to the prosperity, growth and all-round economic development of the region.
RGIAL Hyderabad is now a gateway to South & Central India. It was commissioned in a record time of 31 months and inaugurated in March 2008. The initial capacity of the airport was 12 million passengers per annum (MPPA), which went up to 21 MPPA in 2019 (pre-covid). The airport presently is undergoing major expansion, post which the capacity will get enhanced to 34 MPPA. The airport has 150,000 tons of cargo handling capacity per annum. The airport master plan has the flexibility to increase the ultimate capacity to over 100 MPPA in phases.
RGIA is India's first greenfield airport built under public private partnership model. Hyderabad Airport is now at the forefront of leveraging technology to deliver a seamless and enhanced experience to the travellers. It is the first airport in India to introduce a unique e-boarding solution. Today RGIA is the only airport in the country to have end-to-end digital passenger processing system.
Shares of GMR Infrastructure Limited was last trading in BSE at Rs. 37.80 as compared to the previous close of Rs. 37.65. The total number of shares traded during the day was 183792 in over 933 trades.
The stock hit an intraday high of Rs. 38.05 and intraday low of 36.65. The net turnover during the day was Rs. 6885598.00.