GCLL secures Rs 7.5 billion term loan from Axis Bank

GMR Cargo and Logistics Limited (GCLL), a wholly owned subsidiary of GMR Airports Limited, has secured a Rs 7.5 billion term loan from Axis Bank to fund part of the development of the upcoming cargo city at the Delhi International Airport. To secure the loan, GMR has issued a sponsor support undertaking (SSU) and pledged or committed not to dispose of 51 per cent of its shares in GCLL. The SSU will remain valid through the construction of Phase I and one year of operations, requiring GMR to cover cost overruns, repayment shortfalls and debt service reserve account top-ups in case of failure of GCLL to do so. GCLL signed the concession agreement for the project in September 2025.