GMR Hospitality Wins F&B License for Delhi Airport T3

GMR Hospitality Limited, an Indian subsidiary of GMR Airports Ltd, has been selected as the bidder to design, develop, operate, and maintain Food & Beverages outlets at Terminal 3 of Indira Gandhi International Airport, New Delhi. The license agreement with Delhi International Airport Limited (DIAL), another subsidiary, is for an initial period up to May 2036, with a potential 10-year extension. The revenue share model includes a Minimum Monthly Guarantee and advertisement fees. Estimated license fees for FY2026-27 and FY2027-28 are approximately ₹49 crore and ₹109 crore, respectively. This transaction is an arm's length related party transaction with necessary approvals obtained.