Tuesday , 14 July 2020
Breaking News
GMR Infrastructure’s arm receives tariff order from AERA for second control period

GMR Infrastructure’s arm receives tariff order from AERA for second control period

Airports Economic Regulatory Authority of India (AERA) has issued Tariff Order for the second control period (April 01, 2016 to March 31, 2021) for GMR Hyderabad International Airport (GHIAL) a step down subsidiary of GMR Infrastructure, considering 30% Hybrid Till, to be implemented from April 1, 2020 and to be effective for up to March 31, 2021 after which new tariffs would be applicable for next control period of 5 years.

Upon implementation of this tariff order, the UDF on domestic and international departing passenger shall be levied at Rs 281 and Rs 393 respectively. Since GHIAL has embarked on capacity expansion and significant work shall be capitalized at the beginning of third control period, GHIAL shall endeavor with the Regulator to make third control period (April 01, 2021 to March 31, 2026) tariff notification before the commencement of control period.

GMR Infrastructure is engaged in generation of power, mining and exploration activities, development of highways, infrastructure development, such as development and maintenance of airports and special economic zone; construction business, including engineering, procurement and construction (EPC) contracting activities and operation of airports and special economic zones.

Leave a Reply

Your email address will not be published. Required fields are marked *

*