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GMR Airports to Refinance Hyderabad Airport Debt Worth ₹2,150 Crore, Cutting Costs and Currency Risk

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Published on 19th November 2025, 12:36 AM

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Author

Simar Singh | Whalesbook News Team

Overview

GMR Airports Ltd (GAL) plans to issue up to ₹2,150 crore in rupee-denominated non-convertible debentures (NCDs) to refinance foreign currency loans for its Hyderabad airport. This strategic move aims to significantly reduce borrowing costs and mitigate the risk of currency fluctuations, thereby stabilizing future debt service payments and improving the company's overall financial health.