Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessPress ReleaseGMR Infrastructure gets Rs 415cr dues from Air India

    GMR Infrastructure gets Rs 415cr dues from Air India

    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.

    February 08, 2013 / 13:30 IST

    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.


    Also read:


    GVK Power & Infra terminates highway contract with NHAI


    GMR synchronises first 350mw unit of Kamalanga plant

    Boeing in talks with airlines in India for 737 replacement

    first published: Feb 8, 2013 01:30 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347