Thiruvananthapuram: Cochin International Airport Limited (CIAL), the country’s first green-field airport in the public-private partnership mode, Wednesday handed over a cheque of Rs.17.76 crore to the Kerala government as its share of profits for the last fiscal.
Excise Minister and CIAL Director K. Babu handed over the cheque to Chief Minister Oommen Chandy, the CIAL chairman.
“Each and every investor in CIAL, including the state government has by now recovered 132 percent of their investment, by way of dividends that have been received by them,” Chandy told reporters in Cochin.
In the last fiscal, CIAL had made a profit of Rs.123.37 crore after tax, which was 11.68 percent higher than that for the 2012-13 financial year.
CIAL Managing Director V.J. Kurian said a new terminal costing Rs. 850 crore will be functional in two years’ time.
01/10/14 IANS/The Hindu
To Read the News in full at Source, Click the Headline
Excise Minister and CIAL Director K. Babu handed over the cheque to Chief Minister Oommen Chandy, the CIAL chairman.
“Each and every investor in CIAL, including the state government has by now recovered 132 percent of their investment, by way of dividends that have been received by them,” Chandy told reporters in Cochin.
In the last fiscal, CIAL had made a profit of Rs.123.37 crore after tax, which was 11.68 percent higher than that for the 2012-13 financial year.
CIAL Managing Director V.J. Kurian said a new terminal costing Rs. 850 crore will be functional in two years’ time.
01/10/14 IANS/The Hindu
