GMR Group is planning to expand the Hyderabad Airport with a whopping 2629 Crore and the expansion plan has got the necessary permission from the Expert Appraisal Committee under the Ministry of Environment, Forest and Climate Change.
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This expansion will see expanding the current design capacity from the existing 12 million passengers per annum to 25 million passengers per annum. The international airport has handled over 15 million including over three million international passengers last year.
The project expansion is expected to be financed through a combination of internal accruals and debt which is to be in the range from 70-80 per cent and balance to be through internal accruals. The airport is operated and managed by the GMR Group, which holds a majority stake in GHIAL through its holding company GMR Airports Limited (GAL).
