AAI presents dividend cheque of Rs 142.5 cr to govt | business | Hindustan Times
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AAI presents dividend cheque of Rs 142.5 cr to govt

Mini-ratna public sector undertaking (PSU) Airports Authority of India today presented a dividend cheque of Rs 142.5 crore to Civil Aviation Minister Praful Patel, who received it on behalf of the government.

business Updated: Nov 02, 2010 22:32 IST

Mini-ratna public sector undertaking (PSU) Airports Authority of India today presented a dividend cheque of Rs 142.5 crore to Civil Aviation Minister Praful Patel, who received it on behalf of the government.

During the last fiscal, AAI earned a revenue of Rs 4,615 crore against Rs 4,186 crore in 2008-09, the Civil Aviation Ministry said in a release.

The profit before tax in 2009-10 was Rs 1,228 crore against Rs 1116 crore in the previous year and the profit after tax was Rs 712 crore in 2009-10 as against Rs 687 crore in 2008-09, it added.

The dividend paid by the AAI to the government has gone up from Rs 137.40 crore in 2008-09 to Rs 142.50 crore in 2009-10, the statement said.

AAI has spent Rs 2,743 crore on modernising airport terminals, passenger facilities and air traffic and navigational aids.