In this fiscal, GMR Infrastructure is hopeful of registering decent growth in its airport vertical. The company which operates in three business segments including power, roads and airport incurred a loss of Rs 179 crore in the September quarter, up around four fold, YoY due to poor show from its power and airport segments.
Category: Aviation & Airports
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GVK ties-up with Indonesia to upgrade Bali airport
For the operation, management and development of commercial facilities at Denpasar International Airport in Bali of Indonesia, India-based GVK Power & Infrastructure has entered into an agreement. The Hyderabad-based diversified infrastructure company manages the operation of the Chhatrapati Shivaji International Airport (CSIA) in Mumbai and the Bengaluru International Airport.
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AAI commissions ILS in Agra airport
Recently, the Instrumental Landing System (ILS) was commissioned in Agra airport enabling it to provide horizontal and vertical guidance to landing and taking off aircra
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Kerala may buy stake in Aranmula airport
After announcing the launch of its own airline, Air Kerala, the Kerala government is now looking at picking up an equity stake in the upcoming greenfield international airport at Aranmula in Pathanamthitta district of the state.
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Cabinet panel clears 10% stake sale in HAL
The Cabinet Committee on Economic Affairs has cleared the sale of 10 per cent equity of the government in Hindustan Aeronautics (HAL) through an initial public offering (IPO) in the domestic
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AAI to inaugurate new terminal by Dec
Airports Authority of India (AAI) would inaugurate the new domestic terminal at the Biju Patnaik airport in Bhubaneswar by December end, said Sharad Kumar, director AAI-Bhubaneswar
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Cabinet clears $1 tn infra investment plan
Union Minister for Urban Development and Parliamentary Affairs Kamal Nath informed that the cabinet has approved an expenditure of $1 trillion in the next five year
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J’suguda airport in Orissa becomes operational from Nov 2
The long-dream of the people of western Odisha materialised on November 2 with a plane landing at the Jharsuguda airport, one of the oldest, in India. The airport was operational till 1978.
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Centre asks UP to speed up land transfer for airports
Union Civil Aviation Minister Ajit Singh has asked the Uttar Pradesh government to expedite transfer of land for airports at Agra, Jhansi and Meerut. Singh wrote to the State Chief Minister Akhilesh Yadav and asked him to take other measures in this regard.
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Asia-Pacific small airports seminar underway in Hyd
A four-day Asia-Pacific small airports seminar is being held in Hyderabad from November 7. GMR Hyderabad International Airport (GHIAL) is hosting the 8th seminar.