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Construction : Finance Update | May 2016 | Source : Infrastructure Today

AAI likely to post all-time high revenue

National airports operator Airports Authority of India (AAI) is expected to report an all-time high revenue of Rs.10,000 crore, with an estimated flat profit growth in FY16. The estimated 8 per cent growth in the topline which stood at Rs.9,285 crore in 2014-15 is driven by the surge in passenger traffic as well as aircraft movement, particularly from Ahmedabad and Leh airports, a senior AAI official said.

The state-run AAI was accorded Miniratna status in 2008, granting it the right to exercise its powers of autonomy in terms of investment in projects and forming joint ventures. Of the 125 AAI airports, currently 95 are operational, with 70 of them having scheduled flights. ¨While the accounts are still being finalised, we estimate the revenue to touch an all-time high of `10,000 crore in FY16,¨ the official added.

 
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