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SC strikes down levy of ADF; GMR Infra slips 4%

GMR Infrastructure touched an intraday high of Rs 39.75 and an intraday low of Rs 38. At 11:18 hrs the share was quoting at Rs 38.10, down Rs 1.65, or 4.15% on the NSE.

April 26, 2011 / 20:04 IST

GMR Infrastructure touched an intraday high of Rs 39.75 and an intraday low of Rs 38. At 11:18 hrs the share was quoting at Rs 38.10, down Rs 1.65, or 4.15% on the NSE

Supreme Court has stroke down levy of Airport Development Fee (ADF) by Delhi and Mumbai airport. Airport Development Fees were levied on travelers; including in tickets, reports CNBC-TV18.

GMR Infra was expected to collect Rs 1,827 crore via ADF. The company said that the Supreme Court has allowed the Delhi International Airport Limited (DIAL) to charge the fee.

However, Aviation Minister said that the SC order on ADF will have to be examined closely. He said that Airport Economic Regulatory Authority (AERA) will take appropriate decision on implementation of order.

It was trading with volumes of 2,598,967 shares. In the previous trading session, the share closed up 0.76% or Rs 0.30 at Rs 39.75.

Share Price Movement During The Last 12 Months
PeriodPriceLatest PriceGain/Loss (Rs.)% Gain/Loss
3-Days41.3038.80-2.50-6.05
5-Days40.4538.80-1.65-4.08
7-Days40.4538.80-1.65-4.08
15-Days41.6538.80-2.85-6.84
1-Month37.4038.801.403.74
3-Month40.5038.80-1.70-4.20
6-Month53.3038.80-14.50-27.20
9-Month58.6538.80-19.85-33.84
1-Year63.9538.80-25.15-39.33

first published: Apr 26, 2011 11:20 am

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