Announced Thu, 25 Jun · 16:45 IST
GMR subsidiary commences Nagpur Airport operations
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GMRAIRPORT · price
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Price reaction · full curve 14 horizons · vs prior close
+3.6%1-day move
₹108.53
prior close
₹108.44
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+1.7+2.1+2.1+3.6+4.7+3.1+3.9+4.5+2.4+2.8———
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AI summary
GMR Airports' wholly-owned subsidiary GNIAL has taken over operations of Dr. Babasaheb Ambedkar International Airport in Nagpur from June 25, 2026. This follows a concession agreement signed with MIHAN India Limited for upgrading, developing and operating the airport. Agreements for handover of airport assets and operations were executed today. Earlier intimations on the concession were made between October 2018 and October 2024.
Likely market impact
Adds a new operational airport to GMR Airports' portfolio, likely boosting future revenue from passenger traffic and other services.