the cargo-city project is likely to significantly strengthen DIAL's business mix and improve its cargo operations in the upcoming years.
GMR Airports Secures INR 750 Crore Loan to Build Mega Cargo City at Delhi Airport
According to company statements, GMR Cargo and Logistics Ltd (GCLL), the wholly-owned subsidiary of GMR Airports Ltd (GAL), has secured a rupee-term loan of up to INR 750 crore from Axis Bank. The funding is for building a new “Cargo City” at Indira Gandhi International Airport (IGIA), New Delhi. This development initiative will be spread over 50.5 acres inside the airport complex.
The project was given to GCLL by Delhi International Airport Ltd (DIAL) after the signing of a concession agreement on September 26, 2025. Under this agreement, GCLL will finance, design, build, operate and maintain the cargo city.
GMR Airports has provided a Sponsor Support Undertaking (SSU) and pledged a Non-Disposal Undertaking (NDU) on 51% of its shares in GCLL in favour of Axis Bank to secure the loan. This ensures the bank’s security over the funding. As per regulatory filings cited by Financial Express, the SSU remains valid throughout Phase 1 of construction and for one year after operations begin. If there is any cost overrun in Phase 1 or if GCLL faces any difficulty in loan repayment, GMR Airports has committed to infuse additional funds or meet debt obligations.
According to insiders who are familiar with the plan, the cargo-city project is likely to significantly strengthen DIAL’s business mix and improve its cargo operations in the upcoming years.
For GMR and Axis Bank, this INR 750 crore loan is not only a financing milestone, it is a strategic step towards creating modern cargo infrastructure at one of India’s busiest airports to cater to increasing demand in air cargo, e-commerce logistics, imports and exports. For exporters, importers, logistics firms and the broader supply-chain ecosystem, the new Cargo City could mean faster cargo turnaround, dedicated handling and better reliability for freight operations.
This loan, backed by strong safeguards and corporate commitment, could mark the beginning of a major upgrade in Delhi’s air cargo infrastructure. For stakeholders in aviation, logistics, trade and commerce, it is a development worth watching.
