GMR Airports, a subsidiary of GMR Infrastructure has emerged as the highest bidder for the Development, Operations and Management of Dr. Babasaheb Ambedkar International Airport, Nagpur on a Public Private Partnership (PPP) basis.

MIHAN India, a joint venture between Maharashtra Airport Development Company (a Government of Maharashtra undertaking) and Airport Authority of India, had started the RFP process to privatize the Nagpur Airport in March 2018. The project involves Up-gradation, Modernization, Operation and Maintenance of Nagpur Airport for a period of 30 years and includes construction of a new terminal amongst other works. Two bidders viz. GMR Airports and GVK submitted their bids. GMR Airports has submitted highest revenue share bid and expecting Letter of Award shortly.

Shares of the company gained Rs 0.1, or 0.62%, to trade at Rs 16.20. The total volume of shares traded was 1,733,779 at the BSE (11.56 a.m., Monday).