GMR receives Rs 3,215-crore term loan for Vizag International Airport
A consortium of five lenders sanctioned a term loan of Rs 3,215 crore to the GMR Visakhapatnam International Airport, with the aim of helping GMR Group build its fourth airport in India.
The GMR Airports currently operates New Delhi’s Indira Gandhi International Airport, the Rajiv Gandhi International Airport in Hyderabad, and the Manohar International Airport in Goa, and an airport each in the Philippines and Indonesia.
Sources said that among the five lenders, REC has sanctioned the highest amount of Rs 1,245 crore, followed by India Infrastructure Finance Company (Rs 860 crore), and Exim Bank (Rs 455 crore).
