To finance the remaining capital expenditures for capacity development by September 2023, Delhi International Airport (DIAL), a subsidiary of the GMR group, will issue up to Rs 16 billion through bonds. The project costs had been incurred from the end of August 2022, totaling Rs. 77.65 billion.

The expected NCDs (an alternative to lease financing loans), Real Estate Security Deposits (RSDs) and cash available for the project are estimated to cover the outstanding cost of the project of Rs 37.85 billion.

To increase passenger capacity to 100 million by September 2023, DIAL is now involved in a significant investment initiative (capex). Due to the COVID epidemic, the capex schedule has been changed from June 2022 to September 2023.

Due to the significant decline in internal accruals due to the Covid-19 disruptions in FY2021 and FY2022, the company issued bonds in March 2021 and June 2022 to generate additional debt.