GMR Takes Over Cargo Terminal Operations at IGI Airport

20 May 2025 CW Team

GMR Airports Limited has been awarded the concession to operate, maintain and manage the existing cargo terminal at Indira Gandhi International Airport, New Delhi. The move follows the immediate termination of Celebi鈥檚 agreement by Delhi International Airport Limited, a GMR subsidiary.

The Ministry of Civil Aviation issued a directive on May fifteen, revoking the security clearance of Celebi group entities in India due to national security concerns. In compliance, DIAL cancelled Celebi鈥檚 concession and reassigned the responsibility to GMR, which already holds the required security clearance as a regulated agent.

This transaction qualifies as a related party transaction but has been carried out on an arm鈥檚 length basis. The company confirmed that there is no direct interest from promoters or group companies, aside from indirect shareholding in both GMR Airports and DIAL.

GMR stated this step ensures uninterrupted cargo operations at the airport while complying with the government鈥檚 directive. The company has officially notified stock exchanges, including BSE and NSE, about the development under Securities and Exchange Board of India regulations.

Source:GMR Airports Limited

Infrastructure Urban

20 May 2025

Hyundai India to Launch Hybrid, Plans 26 Models by 2030

Hyundai Motor India Limited will introduce a hybrid vehicle as part of a larger plan to launch twenty-six models by 2030. The move aligns Hyundai with Toyota and Suzuki, who advocate hybrids to address India鈥檚 limited charging network and price-sensitive market.The refreshed portfolio will include six battery-electric vehicles, twenty internal combustion engine models, and one hybrid. These will span both mass and premium segments, including hybrid sport utility vehicles.According to Chief Operating Officer Tarun Garg, no single technology can meet all market needs. He called the hybrid segm..

Infrastructure Transport

20 May 2025

Railway Board Approves Survey for 4th Terminal Near Bengaluru

The Railway Board has approved a Final Location Survey for a mega coaching terminal near Bengaluru airport. The proposed terminal, to be located near Devanahalli or along the Yelahanka鈥揇evanahalli鈥揅hikkaballapur route, is estimated to cost Rs 13.5 million.According to South Western Railway, the new terminal will decongest Bengaluru鈥檚 overburdened railway infrastructure and meet growing passenger demand. It will serve as the fourth terminal, offering operational flexibility and capacity to handle thirty-six rakes daily.The design includes twelve pit lines, five washing lines, twenty-four ..