The Airports Economic Regulatory Authority of India ("AERA" or "the Regulator") has issued Tariff Order for the second control period (01.04.2016 - 31.03.2021) for GMR Hyderabad International Airport Limited ("GHIAL"), a step down subsidiary of the Company, considering 30% Hybrid Till, to be implemented from April 1, 2020 and to be effective for upto 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. The detailed Order is available on the AERA website.
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 (01.04.2021 - 31.03.2026) tariff notification before the commencement of control period.
Shares of GMR INFRASTRUCTURE LTD. was last trading in BSE at Rs.15.95 as compared to the previous close of Rs. 16.15. The total number of shares traded during the day was 406328 in over 3439 trades.
The stock hit an intraday high of Rs. 16.3 and intraday low of 15.9. The net turnover during the day was Rs. 6521813.