GMR Hyderabad International Airport Ltd (GHIAL), which is an arm of GMR Airports Ltd (GAL), has acquired a 70% stake in ESR GMR Logistics Park Pvt Ltd (EGLPPL) for a consideration of around Rs 41 crore .
With this, GMR Group now owns 100% stake in EGLPPL as GMR Hyderabad Aerotropolis Ltd, (GHAL), a wholly owned subsidiary of GHIAL, already owns the remaining 30% in EGLPPL.
EGLPPL was set up as a joint venture between GHAL and ESR Hyderabad 1 Pte Ltd on January 8, 2020, for the development of warehousing and logistics parks in Hyderabad. It has already developed around 1.7 million sq ft of industrial and logistics infrastructure around Hyderabad international airport.
GMR Group said the move is a key step in their strategy to accelerate airport land development (ALD) in Hyderabad by unlocking new growth avenues, strengthening core airport ecosystem and reinforcing Hyderabad’s emerging status as a major logistics and warehousing hub in the region.
GHIAL CEO Pradeep Panicker said the acquisition marks a pivotal advancement in their efforts to transform Hyderabad airport into a hub for integrated logistics and industrial development.
“With GHAL already holding the remaining 30% stake, this consolidation enables us to fully integrate EGLPPL into our longterm ALD strategy. It positions us to explore new growth opportunities, strengthen the airport’s ecosystem, and deliver enhanced value to our stakeholders,” he said, pointing out that the airport was envisioned not just as an aviation gateway, but as the catalyst for a thriving aerotropolis that is designed to enhance connectivity, boost economic activity, and drive holistic regional development.
Aman Kapoor, CEO, ALD, GMR Group said, “The acquisition marks a pivotal moment in our journey to build a world class, airport led industrial and logistics ecosystem, empowering us to unlock new synergies across aviation, warehousing, and infrastructure—strengthening our ability to deliver integrated solutions and drive transformative growth. This strategic move reinforces Hyderabad’s position as a global gateway for commerce and innovation, driving long term economic development for the region.”
