GMR Hospitality wins bid for operating F&B outlets at T3 IGIA, New Delhi
A infrastructure development with market-wide reach.
· Business Standard Mkts
GMR Hospitality (GHL), an Indian subsidiary of GMR Airports has emerged as the Selected Bidder for designing, financing, developing, setting up, operating, managing and maintain the Food & Beverages Outlets at the Terminal 3 of the Indira Gandhi International Airport, New Delhi for an initial period of upto May 2036, which may further be extended by 10 additional years, by Delhi International Airport (DIAL), Indian Subsidiary of the Company and accordingly has entered into License Agreement.
The analysis
Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
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