Monday, May 22, 2017

GMR Hyderabad airport to see Rs 2,500-cr capacity expansion

Hyderabad: GMR Hyderabad International Airport Ltd is poised for a capital expenditure of about Rs 2,500 crore towards expansion of the greenfiled airport from the present capacity to handle 12 million passengers per annum to 20 mppa.
The airport is already functioning at more than its capacity to handle about a million passengers a month with 2016 witness to over 15 million passengers, registering a growth of over 20 per cent in a calendar year.
The Hyderabad airport is in the process of finalising its expansion project that would enhance the capacity to 20 million passengers a year.
According to India Ratings & Research, a Fitch group company, to expand the capacity to 20 mppa, the airport will require an outlay of Rs 2,500 crore, of which 70 per cent will be through debt and the balance through internal accruals and equity.
The airport has been witness to a strong traffic volume growth of 22 per cent. There is also the possibility of the Airports Economic Regulatory Authority enforcing the new aero charges from October 2017. This will possibly mean higher revenues.
22/05/17 Business Line