GMR Airports’ Indian subsidiary -- GMR Hospitality (GHL) has emerged as the Selected Bidder for designing, financing, developing, setting up, operating, managing and maintain the Food & Beverages Outlets at the Terminal 3 of the Indira Gandhi International Airport, New Delhi for an initial period of up to May 2036, which may further be extended by 10 additional years, by Delhi International Airport (DIAL), Indian Subsidiary of the Company and accordingly has entered into License Agreement.
The license fee is based on the revenue share payment model to DIAL which would be ascertained based on the revenue from Food & Beverages Outlets on year-on-year basis with a Minimum Monthly Guarantee payable by GHL to DIAL & Advertisement fees. The estimated aggregate amount of license fees for the FY 2026-27 and FY 2027-28 shall be around Rs 49 crore and around Rs 109 crore respectively.
GMR Airports (formerly GMR Airports Infrastructure), a subsidiary of GEPL, is engaged in development, operation and maintenance of airports along with offering integrated security solutions.
