GMR Hyderabad International Airport (GHIAL) is planning to invest around Rs85bn ($1.23bn) to upgrade various facilities at the Rajiv Gandhi International Airport (RGIA) in Hyderabad, India.

The investment is aimed at doubling the airport’s capacity from the existing 25 million passengers per annum (MPPA) to 50 MPPA, according to The Times of India.

GHIAL, which manages RGIA, has already submitted an application to the Expert Appraisal Committee (EAC) of the Union Ministry of Environment, Forest and Climate Change (MoEF).

The application, which is currently pending before MoEF, has sought environmental clearance for the airport expansion.

Originally built to cater to the needs of around 12 MPPA, the airport’s existing Terminal 1 (T1) handled 21.4 million passengers in 2018-19, an increase of 17% from 18.3 million passengers in 2017-18.

GHIAL said that the airport does not require additional land for the proposed expansion of the facilities as it already has 5,495 acres of land.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

If the expansion plan is approved, it would take up to six years for construction to be completed. The expansion work is likely to create direct employment for over 5,000 local residents, as well as double the number of indirect jobs.

The expansion includes building a second terminal (T2), upgrading the existing T1, and increasing the capacity of the cargo terminal and associated warehouses.

In April this year, GMR raised $300m through an international bond issue to expand the airport.

GMR Infrastructure recently agreed to offload around 44% of its airports business, GMR Airports, to Tata, GIC Singapore, and SSG Capital Management, to raise Rs80bn ($1.16bn).

GHIAL operates as a company promoted as a joint venture (JV), with GMR Group owning 63%, Airports Authority of India (AAI) 13%, and the Government of Telangana and Malaysia Airports Holdings Berhad holding 13% and 11%, respectively.