GMR Airports secures Rs 750 crore loan from Axis Bank for Delhi airport cargo city development
GMR Airports‘ subsidiary GMR Cargo and Logistics has received a term loan facility worth up to Rs 750 crore from Axis Bank for developing the cargo city at the Delhi airport, the company said in an exchange filing.
The infrastructure company has availed the loan for its upcoming cargo city project, spread over 50.5 acres of land within Delhi’s Indira Gandhi International Airport (IGIA). The airport is operated by the Delhi International Airport Ltd (DIAL), a subsidiary of GMR Airports.
