AAI to raise Rs 1,500 crores from market

By IndianMandarins- 19 Mar 2018

aai-to-raise-rs-1500-crores-from-marketAirports Authority of India (AAI) plans to raise Rs 1,500 crore in FY19 to fund its new terminal buildings at various aerodromes. This will be the first exposure of AAI to financial markets. The company's capital expenditure in FY19 is projected to be around Rs 4,100 crore, compared to Rs 2,500 crore for the current financial year ending on March 31. The domestic aviation market is growing at high double digits and to meet the rising demand, infrastructure capacity needs to be ramped up. AAI - which operates more than 120 airports in different parts of the country - is scouting for rupee term loans to the tune of Rs 1,500 crore, according to a recent public notice. Megaprojects of new terminal buildings are to start at Guwahati, Leh, Patna, Trichy, Vijayawada, Jabalpur, Ahmedabad, Chennai, Srinagar, Pune, Lucknow, Mangalore, Dehradun, and Jaipur.

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