Sensex 27643.88 -313.62 (-1.12%)25-May-15 16:00
Nifty 8370.25 -88.7 (-1.05%)25-May-15 00:00
Airports Authority of India (AAI) has expressed interest in operating five non-metro airports in Maharashtra, currently managed by a wholly-owned subsidiary of Reliance Infrastructure, according to reports.
Reports stated that Reliance Infra had got the lease rights to operate the five regional airports at Nanded, Yavatmal, Baramati, Latur and Osmanabad, through a bidding process of the government of Maharashtra.
Reliance Airport Developers Private Ltd (RAPL) is incurring an expense of Rs 20mn per month for these airports, says report.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices