GMR shares fall 3% after tragic Delhi airport accident

Operations at Delhi Terminal 1 (T1) Indira Gandhi International Airport (IGI) were temporarily suspended after part of the roof collapsed today.

What happened: At least one person was killed and six others were injured when the roof of T1 collapsed on cars and taxis during heavy rain on Friday. Flights to and from T1, which is used for domestic flights, were temporarily suspended.

Arrangements are being made to ensure that flights continue. Ministry of Civil Aviation said.

“In the early hours of today, the canopy of Terminal 1 of Delhi Airport collapsed. As a result, flights to and from Terminal 1 have been suspended until further notice. Alternative arrangements are being made to ensure smooth operation of flights,” the Aviation Ministry said in a post on X.

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Temporary measures: Union Minister for Civil Aviation Ram Mohan Naidu Kinjarapu also visited the accident site and instructed the airport to shift operations to Terminals 2 and 3, NDTV reported.

indigo announced that operations had been affected by the incident. Flights scheduled to depart between 10 a.m. and 2 p.m. had been cancelled, it said. Spicejet has also cancelled its flights from the affected terminal until further notice.

Political perspective: Now a political row has erupted over the construction and poor maintenance of the airport. The roof that gave way was built in 2008-09 and given to contractors, Moneycontrol reported, citing government sources. The work was carried out by the GMR Groupthe report continued.

Delhi International Airport is a joint venture consortium of GMR Group, Airport Authority of India And Frankfurt AirportIt was one of GMR’s most famous projects.

Price promotion: Shares of GMR Airports Infrastructure Ltd traded 3.21% lower at ₹96.05 in midday trade on Friday.

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