DIAL, BIAL sees Rs 580 cr total profit in six months

The national capital's aerodrome is operated by Delhi International Airport Ltd (DIAL) while that of Bengaluru is run by Bangalore International Airport Ltd (BIAL).
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Dec 02, 2016, 12.48 PM | Source: PTI

'DIAL, BIAL sees Rs 580 cr total profit in six months'

The national capital's aerodrome is operated by Delhi International Airport Ltd (DIAL) while that of Bengaluru is run by Bangalore International Airport Ltd (BIAL).

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DIAL, BIAL sees Rs 580 cr total profit in six months

The national capital's aerodrome is operated by Delhi International Airport Ltd (DIAL) while that of Bengaluru is run by Bangalore International Airport Ltd (BIAL).

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DIAL, BIAL sees Rs 580 cr total profit in six months
Operators of international airports in Bengaluru and the national capital raked in profits totalling Rs 580 crore in the first six months of the current financial year, as per government data.

The national capital's aerodrome is operated by Delhi International Airport Ltd (DIAL) while that of Bengaluru is run by Bangalore International Airport Ltd (BIAL).

While DIAL has recorded a profit of Rs 297.48 crore till September of the current fiscal, BIAL has registered a profit of Rs 282.66 crore, as per details provided by Civil Aviation Minister Ashok Gajapathi Raju in a written reply to the Lok Sabha.

The airports in the national capital and Mumbai are among those run through public-private partnerships.

DIAL is a three-way venture between GMR group, Airports Authority of India (AAI) and Fraport. The stakeholders in BIAL are Fairfax, GVK group, AAI, Karnataka State Industrial and Infrastructure Development Corp, and Siemens Project Ventures GmbH.

About airports in general, the Minister said some of them have incurred losses due to low revenue generation which was not adequate to meet the total expenditure pertaining to the respective airports.

"AAI has drawn up a master plan for development and increase in non-aeronautical revenues at airports across India ... Based on recommendations of consultants as against earlier system of individual contracts/licenses, Master Concessionaire approach is being adopted in 14 select airports in the first phase," Raju said.

Further, he said consultants have been appointed for assisting in re-designing the layout of existing general retail and food & beverage outlets for optimum utilisation of the airport space.

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