Archive · 28 Nov 2025
GMR Secures ₹750 Crore Loan for Delhi Cargo City
GMR Airports' subsidiary, GCLL, has taken a big loan of ₹750 crore from Axis Bank.
This money will be used to build a large cargo city at Delhi's IGI Airport.
The cargo city will be built on 50.5 acres of land.
GMR Airports has promised to support this project by pledging some of its shares in GCLL.
The loan agreement also says that GMR Airports will provide extra money if the project costs more than expected.
The project is part of a deal signed in September between GCLL and DIAL, which operates the airport.
The loan will help GCLL build the first phase of the cargo city and operate it for a year.
GMR Cargo and Logistics Ltd (GCLL) secured a ₹750 crore loan from Axis Bank for developing a cargo city at Delhi's IGI Airport.
The cargo city project will be built on 50.5 acres of land within the Indira Gandhi International Airport (IGIA).
GMR Airports provided a Sponsor Support Undertaking (SSU) and pledged 51% of its shares in GCLL to secure the loan.
The SSU is valid throughout the construction period of Phase 1 plus one year of operations.
GMR Airports has agreed to infuse additional funds if there is a cost overrun or repayment shortfall by GCLL.
- Who
- GMR Airports' subsidiary GMR Cargo and Logistics Ltd (GCLL)
- What
- Secured a ₹750 crore loan from Axis Bank for developing a cargo city at Delhi's IGI Airport
- When
- Loan secured on November 27; Concession agreement signed on September 26
- Where
- Indira Gandhi International Airport (IGIA), Delhi
- Why
- To fund the development of a 50.5-acre cargo city project
- Loan Amount
- ₹750 crore
- Lender
- Axis Bank
- Project Location
- Indira Gandhi International Airport, Delhi
- Project Developer
- GMR Cargo and Logistics Ltd (GCLL)
- Project Area
- 50.5 acres
- Concession Agreement Date
- September 26
- Loan Security
- Pledge on 51% of GMR Airports' shares in GCLL
- SSU Validity
- Phase 1 construction + 1 year of operations
