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Thursday 04-Nov-2010

AAI presents dividend cheque of Rs 142.5 crore to government

During the last fiscal, AAI earned revenue of Rs 4,615 crore against Rs 4,186 crore in 2008-09. 

By  Traveltechie Bureau | Mumbai

Mini-ratna Public Sector Undertaking (PSU) Airports Authority of India (AAI) presented a dividend cheque of Rs 142.5 crore to Civil Aviation Minister Praful Patel, who received it on behalf of the government. 

During the last fiscal, AAI earned revenue of Rs 4,615 crore against Rs 4,186 crore in 2008-09. The profit before tax in 2009-10 was Rs 1,228 crore against Rs 1116 crore in the previous year and the profit after tax was Rs 712 crore in 2009-10 as against Rs 687 crore in 2008-09. The dividend paid by AAI to the government has gone up from Rs 137.40 crore in 2008-09 to Rs 142.50 crore in 2009-10. AAI has spent Rs 2,743 crore on modernising airport terminals, passenger facilities and air traffic and navigational aids.