GMR Airports Subsidiary Secures ₹750 Crore Loan from Axis Bank for Delhi Cargo City Project

GMR Cargo and Logistics Limited, a wholly owned arm of GMR Airports, has secured a rupee term loan of up to ₹750 crore from Axis Bank to fund part of the development cost for the Cargo City at Delhi International Airport.  

To support the financing, GMR Airports has provided sponsor support along with a pledge or non-disposal undertaking on 51% of its shareholding in the subsidiary. The assistance remains effective through the construction period of Phase 1 and an additional year of operations. 

Funding Support and Project Commitments 

Under the support arrangement, the company has committed to keeping its subordinated loans to the subsidiary secondary to the new facility and to infuse funds if required to meet cost overruns or repayment gaps during the project’s execution.  

It has also undertaken to top up the debt service reserve account should the subsidiary fall short. The loan ties into the Cargo City concession agreement signed between the subsidiary and Delhi International Airport Limited in September 26, 2025. 

About GMR Airports  

GMR Airports, headquartered in Delhi, NCR, manages a portfolio spanning airports and associated infrastructure developments. Its cargo subsidiary is responsible for constructing, operating and maintaining the Cargo City in Delhi, a key logistics hub planned to support growing airfreight activity. 

Read More: Adani Group Secures Environmental Approval for Thiruvananthapuram Airport Hotel! 

GMR Airports Share Price Performance  

As of November 27, 2025, at 9:52 AM, GMR Airports share price is trading at ₹106.88 per share, reflecting a gain of 0.11% from the previous closing price. Over the past month, the stock has gained by 15.57%. 

Conclusion 

The sponsor support provided for the ₹750 crore loan strengthens the funding framework for the Cargo City project and reinforces GMR Airports’ commitment to developing large-scale logistics facilities within the Delhi airport ecosystem. 

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