Latest news with #GHIAL
United News of India
5 days ago
- Business
- United News of India
WRO India National Championship kicks off Sept 5
Hyderabad, July 24 (UNI): The World Robot Olympiad (WRO) India National Championship 2025 is set to take place on September 5 and 6 at the state-of-the-art GMR Arena, located within GMR Aerocity Hyderabad. GMR Aerocity has come on board as the Platinum Sponsor of this prestigious event, which will bring together the country's brightest young minds in robotics, GMR Hyderabad International Airport Ltd. (GHIAL) announced in a press release today. Serving as the national finale of the WRO India 2025 season, the championship—centered around the theme 'The Future of Robots'—will identify top-performing teams that will go on to represent India at the WRO International Championship in Singapore. As the World Robot Olympiad marks its 19th year on the global stage, WRO India 2025 invites students aged 8 to 19 to participate in this distinguished competition. With its futuristic theme, the event offers a platform for young innovators to engage with advanced robotics and cutting-edge technologies. Participants will be challenged to conceptualize, design, and program autonomous robotic solutions that tackle real-world problems, enhance quality of life, and drive innovation across various industries. The competition is structured to promote analytical thinking, creativity, and collaborative problem-solving, giving students invaluable hands-on experience in STEM fields while encouraging them to contribute to a technologically advanced future. Commenting on the partnership, Aman Kapoor, CEO of Airport Land Development, GMR Group, said, "Partnering with WRO India reflects our dedication to cultivating a dynamic ecosystem where education, technology, and collaboration intersect. We are excited to host the nation's brightest young innovators at GMR Arena, Aerocity Hyderabad, and support the spirit of problem-solving that will shape the world of tomorrow.' GMR Hyderabad International Airport Ltd. (GHIAL) CEO Pradeep Panicker said , 'At GHIAL, we recognize STEM as a crucial pillar of national development. Through GMR Innovex, we actively engage with startups in the robotics space to encourage practical, future-ready innovations. This platform allows us to discover promising early-stage ideas, connect with emerging talent, and strengthen our collaboration with robotics startups.' Sudhanshu Sharma, Founder & Director of India STEM Foundation and National Organizer of WRO India, stated, 'This collaboration with GMR Aerocity is a significant milestone for WRO India. Their vision of integrated, future-ready environments aligns seamlessly with our mission of nurturing the young innovators who will build that very future.' UNI KNR AAB
&w=3840&q=100)
Business Standard
17-07-2025
- Business
- Business Standard
GMR Airports hits 9-month high, regains ₹1 trillion market cap. Do you own?
GMR Airports share price today Shares of GMR Airports hit a nine-month high of ₹95.38, gaining 2 per cent on the BSE in Thursday's intra-day trade in an otherwise subdued market. The stock price of GMR Group Company was quoting higher for the fourth straight day, surging 5 per cent during the period. It was trading at its highest level since September 2024. In the past one month, GMR Airports has outperformed the market by surging 15 per cent, as compared to 1.1 per cent rise in the BSE Sensex. The stock had hit a 52-week high of ₹103.70 on July 31, 2024. A sharp rally in the stock price has seen GMR Airports regain market capitalisation of ₹1 trillion today. At 10:06 AM: with ₹100,511 crore (₹1.0 trillion) market capitalisation GMR Airports was trading 1.4 per cent higher at ₹95.19. In comparison, the BSE Sensex was down 0.11 per cent at 82,547. CARE Ratings - rating rationale On June 26, 2025, CARE Ratings upgraded its ratings from 'CARE BBB+; Stable/CARE (Triple B Plus); Outlook: Stable/Care A2' to 'CARE A; Outlook: Stable / CARE A1' for the long-term / short-term bank facilities already availed by the GMR Airports. The upgrade in ratings assigned to debt instruments and bank facilities of GMR Airports factors in full and final settlement of liabilities of GMR Rajahmundry Energy leading to elimination of potential risk related any future recourse to GMR Airports. The rating revision also factors in expected expansion of profit before interest, lease rentals, depreciation, and tax (PBILDT) with slated takeover of duty-free concessions of Delhi International Airport (DIAL) and GMR Hyderabad International Airport (GHIAL) likely from July 2025 and August 2025 onwards, respectively, and significant dividend inflow from GHIAL in line with dividend received in FY25. This is expected to improve interest coverage ratio of GMR Airports significantly compared to below unity interest coverage in the past, CARE Ratings said in its rating rationale. GMR Airports derives healthy financial flexibility being a listed holding company of two major operating Indian airports, DIAL and GHIAL. Both airports are among busiest airports in India. Ratings continue to factor favourable outlook of air passenger traffic in India, GMR Airports' strategic partnership with Aeroports De Paris (Groupe ADP), and demonstrated track record of funds raised in the past several years to meet refinancing and/or capital expenditure (capex) requirements, the rating agency said. Favourable outlook for airports business CareEdge Ratings projects a robust 9 per cent compounded annual growth rate (CAGR) in air passenger traffic over FY25- FY27, with international traffic growth expected to outpace domestic growth. This surge is driven by strong air travel demand and additional capacity creation by both airports and airlines. By FY27, passenger traffic is anticipated to reach ~485 million, reflecting the sector's strong recovery and growth trajectory. However, the sector is exposed to inherent regulatory risk with respect to timely release of tariff orders from regulators. With a substantial hike in aeronautical revenue from April 2025 onwards, increasing non-aero revenue and absence of major debt-funded capex, leverage of DIAL is expected to improve substantially marked by estimated net external debt/PBILDT of below 6x in FY26 from ~9x in FY25. GHIAL's performance has steadily improved due to benefit of complete capex leading to increase in number of passengers and aero revenue, the rating agency said.
The Hindu
10-07-2025
- Business
- The Hindu
GHIAL acquires 70% stake in ESR GMR Logistics Park
GMR Hyderabad International Airport Limited (GHIAL), a subsidiary of GMR Airports Limited, has acquired a 70% stake in ESR GMR Logistics Park Private Limited (EGLPPL), thereby assuming full ownership of the company. The remaining 30% stake in EGLPPL was already held by GMR Hyderabad Aerotropolis Limited. (GHAL), a wholly owned subsidiary of GHIAL. With this acquisition, GHIAL, directly and through GHAL, now holds 100% equity in EGLPPL, converting it into a wholly owned subsidiary. EGLPPL was originally established on January 8, 2020, with the objective of developing warehousing and logistics parks in Hyderabad. The company has since developed approximately 1.7 million square feet of industrial and logistics infrastructure, said a release. GHIAL stated that this acquisition aligns with its long-term Airport Land Development (ALD) strategy, aimed at expanding the airport's role beyond aviation to drive broader economic activity through the creation of an Aerotropolis. 'Hyderabad Airport was envisioned not just as an aviation gateway, but as the catalyst for a thriving Aerotropolis, a future-forward ecosystem designed to enhance connectivity, boost economic activity, and drive holistic regional development. This acquisition positions us to explore new growth opportunities, strengthen the airport's ecosystem, and deliver enhanced value to our stakeholders,' said Pradeep Panicker, CEO, GHIAL.
Time of India
10-07-2025
- Business
- Time of India
GHIAL acquires 70% stake in ESR GMR Logistics Park
HYDERABAD: GMR Hyderabad International Airport Ltd (GHIAL), which is an arm of GMR Airports Ltd (GAL), has acquired a 70% stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL) for a consideration of around Rs 41 crore . With this, GMR Group now owns 100% stake in EGLPPL as GMR Hyderabad Aerotropolis Ltd, (GHAL), a wholly owned subsidiary of GHIAL, already owns the remaining 30% in EGLPPL. EGLPPL was set up as a joint venture between GHAL and ESR Hyderabad 1 Pte Ltd on January 8, 2020, for the development of warehousing and logistics parks in Hyderabad. It has already developed around 1.7 million sq ft of industrial and logistics infrastructure around Hyderabad international airport. GMR Group said the move is a key step in their strategy to accelerate airport land development (ALD) in Hyderabad by unlocking new growth avenues, strengthening core airport ecosystem and reinforcing Hyderabad's emerging status as a major logistics and warehousing hub in the region. GHIAL CEO Pradeep Panicker said the acquisition marks a pivotal advancement in their efforts to transform Hyderabad airport into a hub for integrated logistics and industrial development. 'With GHAL already holding the remaining 30% stake, this consolidation enables us to fully integrate EGLPPL into our long-term ALD strategy. It positions us to explore new growth opportunities, strengthen the airport's ecosystem, and deliver enhanced value to our stakeholders,' he said, pointing out that the airport was envisioned not just as an aviation gateway, but as the catalyst for a thriving aerotropolis that is designed to enhance connectivity, boost economic activity, and drive holistic regional development. Aman Kapoor, CEO, ALD, GMR Group said, 'The acquisition marks a pivotal moment in our journey to build a world class , airport led industrial and logistics ecosystem, empowering us to unlock new synergies across aviation, warehousing, and infrastructure—strengthening our ability to deliver integrated solutions and drive transformative growth. This strategic move reinforces Hyderabad's position as a global gateway for commerce and innovation, driving long term economic development for the region. ' Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Hans India
10-06-2025
- Business
- Hans India
Rajiv Gandhi International Airport Terminal Earns LEED Platinum for Eco-Friendly Design
GMR Hyderabad International Airport Ltd. (GHIAL) has announced that the expanded terminal at Rajiv Gandhi International Airport (RGIA) has earned the LEED Platinum certification. This is a top-level award from the U.S. Green Building Council for green buildings. The terminal scored 84 points, making it one of the most eco-friendly airports in the world. GHIAL was recognized for saving energy, using water wisely, managing resources well, and keeping good air quality inside the building. The new terminal added about 379,370 square meters to the old one and was built with care for the environment. The building uses energy-saving heating and cooling systems, good insulation, and LED lights with sensors to save power. Water is saved through rainwater collection, low-flow taps, and planting drought-resistant plants. Materials with recycled content were used and chosen from nearby places to reduce pollution. The airport uses paperless boarding and self-check-in for bags to cut waste. An intelligent system controls energy use and air quality, following LEED rules. Mr. Indana Prabhakara Rao from GMR Group said this award shows their strong focus on making green buildings. GHIAL is committed to running energy-saving and eco-friendly airports while giving good services. This achievement shows how smart design and care for the planet can work together. LEED is a worldwide standard for green buildings. This award makes GHIAL a leader in building eco-friendly airports and shows their promise to protect the environment.
