GMR Airports wins Delhi cargo terminal contract.

GMR Airports wins Delhi cargo terminal contract. GMR Airports Ltd has secured the bid to manage Cargo Terminal 1 at Delhi's Indira Gandhi International Airport following the termination of Turkish operator Celebi's contract in May. The company will upgrade, modernize, and operate the terminal under a revenue share model with an estimated Rs 340 crore in first-year revenue through 2036. The transaction, approved by DIAL's board, represents a significant infrastructure investment in India's aviation sector. However, market sentiment turned negative as GAL shares fell 4.29 percent to Rs 89.25 on the BSE Friday, tracking broader market weakness as the Sensex declined 1.93 percent. The cargo terminal concession demonstrates continued infrastructure consolidation within the GMR Group's aviation portfolio.