New Delhi,India : The
state-owned Airports Authority of India (AAI) plans to pump in between Rs 250
crore and Rs 300 crore as additional equity in Mumbai International Airport Ltd
(MIAL).
AAI
currently has equity of about Rs 600 crore in MIAL.
“The
equity is being increased as the project cost has increased,” a senior official
said.
The nod
for this proposal, expected later this week at AAI’s board meeting, could see
the state-owned airport operator raise its equity in some other projects too.
AAI holds
equity in several public-private partnership (PPP) projects, including the
airport modernisation programme at Delhi, Hyderabad and Bangalore. Sources,
however, declined to speculate on when or by how much AAI will increase its
equity in other airport projects.
15/10/2012 : Ashwini Phadnis / The Hindu Business Line.
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