GMR Infrastructure Receives Rs 415 Crore In Outstanding Dues From Air India
The payment will help improve the cash-flow and profitability position for both airports
New Delhi, 6th February, 2013:
The national carrier Air India has paid Rs 415 crore to the GMR Group as part of its dues on account of airport charges for both Delhi and Hyderabad airports. The sum paid includes landing and parking charges. Out of the amount, Rs 75 crore has been received on account of operations at the Hyderabad airport (GHIAL) and the remainder Rs 340 crore is for Delhi airport (DIAL).
GMR spokesperson said
, “The national carrier Air India is an important business partner for us. It is heartening for us to note that AIR India has made large payments over the last two months to clear the outstanding dues to the GMR group. We are hopeful that Air India will clear remaining dues in an expeditious manner to reach a regular payment status.”
The national carrier decided to shift its hub from Mumbai to Delhi in the recent past owing to the constraint free capacity and efficient operations at Delhi Airport.
About GMR Infrastructure Limited:
The Company is a Bangalore headquartered global infrastructure major with interests in Airports, Energy, Highways and Urban Infrastructure sectors. It has successfully employed the public-private partnership model to build a portfolio of high quality assets. The Company has 16 power generation assets of which 5 are operational and 11 are under various stages of implementation and 10 Road assets, of which 6 are operational and 4 are under construction. In the Airports sector, it has developed and commissioned the Greenfield International Airport at Hyderabad. The Company, besides operating the existing Delhi International Airport, has also built a brand new integrated terminal T3 which was commissioned in time for the Commonwealth Games in October 2010. It has also upgraded and is operating the Istanbul Sabiha Gökçen International Airport. GMR Group is also committed to social development initiatives and executes these through its Corporate Social Responsibility arm, the GMR Varalakshmi Foundation which is present in 22 locations.
For further information about GMR Group, visit: www.gmrgroup.in
For further information please contact:
Head, Corporate Communications
Delhi International Airport Limited
P:+91 11 47197221
F:+91 11 47197181
Email ID: email@example.com