SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

GMR Infrastructure’s arm gets confirmation from MoCA extending term of concession agreement for RGIA Hyderabad

04 May 2022 Evaluate

GMR Infrastructure’s (GIL) step-down subsidiary -- GMR Hyderabad International Airport (GHIAL) has received a letter of confirmation from the Ministry of Civil Aviation (MoCA) extending the term of the Concession Agreement for operating Rajiv Gandhi International Airport (RGIA) in Hyderabad for a further period of 30 years - from March 23, 2038 up to March 22, 2068. This extension is in terms of the Concession Agreement dated December 20, 2004.

The strategically located, Rajiv Gandhi International Airport at Hyderabad has established the city prominently on the global aviation map, and continues to contribute to the prosperity, growth and all-round economic development of the region. RGIAL Hyderabad is now a gateway to South & Central India. It was commissioned in a record time of 31 months and inaugurated in March 2008. The initial capacity of the airport was 12 million passengers per annum (MPPA), which went up to 21 MPPA in 2019 (pre-covid). The airport presently is undergoing major expansion, post which the capacity will get enhanced to 34 MPPA. The airport has 150,000 tons of cargo handling capacity per annum. The airport master plan has the flexibility to increase the ultimate capacity to over 100 MPPA in phases.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

GMR Airports Share Price

111.85 -1.45 (-1.28%)
15-Jul-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: