FII Stake Increases: Airport Infrastructure Stock Commences Operations at Nagpur Airport; Check Details

On Thursday, Indian benchmark indices traded marginally higher, with the Nifty 50 gaining 34.35 points, or 0.14 per cent, to 24,056.00. Amid the positive market sentiment, GMR Airports' share price edged 0.34 per cent higher to Rs 108.44 during the session.

GMR Airports Commences Operations at Nagpur Airport

GMR Airports announced that its wholly owned subsidiary, GMR Nagpur International Airport Limited (GNIAL), has officially taken over the operations of Dr Babasaheb Ambedkar International Airport, Nagpur, with effect from June 25, 2026. The milestone marks the commencement of airport operations under the concession awarded to the company for upgrading, developing and operating the airport.

The company stated that agreements relating to the handover of airport assets and operations were executed between GNIAL and MIHAN India Limited in the presence of dignitaries from the Government of India and the Government of Maharashtra. The operational takeover follows the concession agreement awarded to GMR for the modernisation, development and long-term management of Nagpur Airport.

GMR Airports Strengthens Airport Portfolio

The commencement of operations at Nagpur Airport further expands GMR Airports' portfolio of managed airports in India. The company expects the project to enhance regional air connectivity, support passenger traffic growth and strengthen cargo infrastructure while contributing to economic development in Central India.

Nagpur's strategic location makes it an important aviation and Logistics hub, and the company aims to upgrade airport infrastructure and improve passenger experience under the concession agreement.
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About GMR Airports

GMR Airports Ltd is one of India's leading airport infrastructure companies engaged in the development, operation and management of airports across India and overseas. The company manages major airports, including Delhi, Hyderabad, Goa (Mopa), Bhogapuram and several international airport assets through its subsidiaries and joint ventures.

With expertise spanning airport development, operations, retail, cargo, commercial Real Estate and aviation services, GMR Airports continues to expand its presence through long-term airport concessions and infrastructure projects, supporting India's rapidly growing aviation sector.

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Disclaimer: The article is for informational purposes only and not investment advice.