Deals9 Dec 2023, 09:24 pm
GMR Airports Infrastructure Ltd Secures INR 3215 Crore Financing for Bhogapuram International Airport
AI Summary
GMR Airports Infrastructure Ltd has secured INR 3,215 crore financing for the development of Bhogapuram International Airport through a consortium of 5 banks and financial institutions. The debt has a tenure of 18 years and will be used to fund the Phase I development of the airport, which will cater to 6 million passengers annually.,
Key Highlights
- GMR Airports Infrastructure Ltd has secured INR 3,215 crore financing for the development of Bhogapuram International Airport
- The debt has a tenure of 18 years and will be used to fund the Phase I development of the airport
- The airport is expected to cater to 6 million passengers annually