Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

GMR led Delhi Airport signs land license agreement with Airbus India to develop their first full flight simulator

Posted On: 2017-03-16 19:11:39

Delhi International Airport (P) Ltd, a GMR led consortium, today announced that it has signed a land license agreement with Airbus for setting up India's first full flight simulator at the Aerocity - Terminal District of Indira Gandhi International (IGI) Airport.

On the 1.11 acre of land, the France based company will set up India's first full flight simulator to address the growing demand of trained pilots and aircraft maintenance engineers. Airbus will also establish its India Headquarter within the same development.

The land license agreement was signed today between DIAL and Airbus India for a period till 31st March, 2036. DIAL has received the initial security deposit and ADC and will also receive an annual license fee from this license.

Airbus India had decided to open its full flight training centre at Delhi Aerocity - Terminal district keeping in mind the growing requirements of its customers as Delhi is a key base for most of the airlines - Air India, Indigo and Vistara.

Commenting on the development, a DIAL spokesperson, said: "DIAL has taken an initiative to develop Aerocity into a world class business destination and provide excellent amenities and facilities to various aviation and other related businesses. This initiative is driven by the Hon'ble Prime Minister's 'Make in India' and 'Skilling India' vision. The Terminal district of Delhi Aerocity will see development of over two million square feet.. This is the second significant transaction in Delhi Aerocity after recent deal signed with Bharti Realty Holdings Limited. DIAL is putting together a plan for development of infrastructure for public amenities at Aerocity in an effort to increase the velocity of land monetisation."

DIAL earlier had awarded Bharti Realty Holdings Limited, the contract to design, develop, construct, finance, own, operate and maintain land parcel at Delhi Aerocity - Gateway District with a maximum permissible area of 1.96 lakh square meters. The transaction involved upfront payments of Rs. 315 crore and a license fee equivalent to 20 per cent of revenue with minimum guaranteed payments.

Delhi Aerocity has now emerged as a preferred hospitality and commercial hub in the National Capital Region (NCR). Approved in 2007, in its first phase was predominantly developed as a Hospitality District for hotels and corporate offices in the heart of IGIA. Currently over 3000 hotel rooms are operational and over 1500 hotel rooms are under development that will get operational in a phased manner. Prominent hospitality brands at Aerocity include Pullman, Novotel, Holiday Inn, IBIS, JW Marriott, Hyatt Andaaz and others that provide a complete range across luxury, mid-segment and budget hotel categories. Apart from the hotels, the hospitality district also showcases the Worldmark I, 2 & 3 which is a premium office and retail development of approx. 1.1 million square feet by Bharti Group.

Indira Gandhi International Airport (IGIA) recently has been adjudged as world's number 2 airport in the highest category - over 40 million passengers per annum (MPPA) - as per Airports Council International (ACI) - ASQ 2016 rankings.

Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.17.2 as compared to the previous close of Rs. 16.4. The total number of shares traded during the day was 8652833 in over 2709 trades.

The stock hit an intraday high of Rs. 17.35 and intraday low of 16.4. The net turnover during the day was Rs. 147403971.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Aurobindo Pharma receives USFDA tentative approval for Dolutegravir, Lamivudine & Tenofovir Disoproxil Fumarate tablets
Indigo's clarification regarding misleading information on flights cancellations
WABAG announce Q1 FY 18 Results
Brickwork Ratings reaffirms BWR BBB- rating to SRG Housing Finance Ltd's long term fund based bank loan facilities
Ajanta Soya Limited calls for Board Meeting on Aug 26, 2017
Brickwork Ratings assigns BWR BBB- rating to SRG Housing Finance Ltd
OCL Iron and Steel Ltd approves appointment of CFO
India Ratings assigns quot;IND-A-quot; rating to Rushil Decor Ltd
Supreme Tex Mart Ltd calls for Board Meeting on Aug 24, 2017
Raymond Group Acquires Ansell's stake in Brand Kamasutra
Result Update: Simplex Infrastructure Ltd - ACCUMULATE - TP Rs.520 - Kotak
GOCL Corporation Ltd calls for Board Meeting on Sep 13, 2017
Automotive Axles Ltd appoints company secretary
ICICI Bank revises interest rates on Savings Bank account
Confidence Finance And Trading Limited Board approves Consolidation of Equity Shares
Tiger logistics Enters Nepal for service offerings
Laurus Labs Ltd's API facility gets two observations from USFDA
SPML Infra Limited calls for Board Meeting on Aug 25, 2017
HealthCare Global Enterprises Ltd approves acquisition of 17.72% in Suchirayu Health Care Solutions Ltd
Nava Bharat Ventures Ltd to form SPV in Singapore for emerging business opportunities
Bodal Chemicals Ltd calls for Board Meeting on 24th August, 2017
Confidence Finance And Trading Limited updates on resignation of Directors
Sasken Technologies Ltd joins PTC Partner Network to unlock the value of IoT
Ortin Laboratories Limited calls for Board Meeting on August 31, 2017
Fortis Healthcare Ltd arm to sell stake in Lalitha Healthcare Private Limited
Sai Industries Limited announces resignation of company secretary
Alembic Pharmaceuticals Ltd announces disruption in plant operations at Algerian JV
Zodiac-JRD-MKJ Ltd recommends 5% dividend
Bajaj Electricals Ltd bags transmission line order worth Rs. 391.45 crores
Ravi Sikka resigns as Director of Oscar Investments Ltd
RPP Infra Projects Ltd appoints Vijay Agarwal as additional director
Finance Ministry changes Government Nominee Director in Central Bank of India
Arambhan Hospitality Services calls for Board Meeting on Aug 28, 2017
POWER GRID Corporation of India Ltd enters into Loan Agreement with ADB
Oriental Veneer Products Ltd appoints Executive Director
CTE announces its partnership with Atlassian
Manali Petrochemical Ltd calls for Board Meeting on Sep 4, 2017
Sanwaria Agro Oils Ltd recommends dividend of Rs. 0.05
Ganesh Benzoplast Ltd approves proposal to seggregate the divisions of the company
Sayaji Hotels Ltd calls for Board Meeting on Aug 28, 2017
K G Denim Limited calls for Board Meeting on Sep 2, 2017
Increase in Import duty on crude and refined oil to have positive impact on Sanwaria Agro Oils Ltd
Dynavision Ltd calls for Board Meeting on Aug 30, 2017
CARE upgrades rating of Indo Count Industries Ltd
B & A LTD calls for Board Meeting on Aug 29, 2017
ATP and Infosys Launch new Playerzone bringing an Enhanced Digital Experience for Players
Moody''s affirms Baa3 senior unsecured debt ratings of ICICI Bank''s Bahrain branch
SBI files for CIRP against Jyoti Structures Ltd
National Plastic Technologies Ltd calls for Board Meeting on Aug 24, 2017
Neuland Laboratories Ltd appoints D Saharsh Rao as CFO


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017