Companies & Sectors
GMR Infra says it received Rs415 crore dues from Air India

GMR says the payment would help it to improve the cash-flow and profitability position for Delhi and Hyderabad airports

The GMR Group said has it received Rs415 crore from national carrier Air India as part its dues for airport charges for Delhi and Hyderabad airports. This amount also includes landing and parking charges, GMR said in a release.

 

“Air India has made large payments over the last two months to clear the outstanding dues to the GMR group. We are hopeful that Air India will clear the remaining dues in an expeditious manner to reach a regular payment status,” a spokesperson from GMR said.

 

GMR said out of the total amount, Rs75 crore has been received on account of operations at the Hyderabad airport (GHIAL) and the remainder Rs340 crore is for Delhi airport (DIAL).

 

In the recent past, the national carrier decided to shift its hub to Delhi from Mumbai owing to the constraint free capacity and efficient operations at Delhi Airport

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