The GMR Group is in the process of investing Rs 370 crore for the expansion of existing cargo terminal, besides setting up a new one to take the capacity close to 4.0 lakh tonnes annually. The airport already created the necessary infrastructure in a phased manner to handle 40 million
Last calendar year the airport added close to 3.6 million passengers over the previous calendar year, a rare feat which no other airport except Delhi achieved, A team of experts is currently studying ways to increase the airport’s passenger handling capacity without incurring significant capital expenditure, while also enhancing the passenger experience and improving efficiency.
The runway has a declared capacity of 42 movements of aircraft per hour and currently handles 34 to 35. GHIAL, which clocked over Rs 2700 crore operational revenues on consolidated basis last fiscal, is expected to post over 10 per cent growth on topline backed by incessant surge in passenger traffic.
GHIAL currently has been earning 65 to 70 per cent of total revenues from the aeronautical side. Regarding Cargo services, this fiscal GHIAL is expected to handle 1.80 lakh tonnes with 20 per cent over last year, with majority coming from international shipping.
The surge in international cargo was due to the conflict at Red Sea which handles 30 per cent of the world’s container traffic. The Red Sea crisis is a conflict in the region that has disrupted global trade and shipping. The crisis is mainly fueled by attacks from Yemen-based Houthi rebels targeting ships passing through the Red Sea. The official said the new terminal will be completed by around May this year and may become operational by June or July with all the improvements while the expansion work of the existing terminal has just begun.
The GMR School of Aviation is doing exceptionally well with over 30 to 40 per cent of the graduates being absorbed by the group itself. GHIAL is a joint venture company promoted by the GMR group (74 per cent) in partnership with Airports Authority of India (13 per cent), Telangana government (13 per cent).
