GMR Infrastructure update on subsidiary - Delhi International Airport
Capital MarketGMR Infrastructure announced that the company's subsidiary, Delhi International Airport (DAIL) has been allowed by the Airport Economic Regulated Authority of India (AERA) the contractual right to Base Airport Charges (BAC)+ 10% of BAC in any year of the Concession Term which acts as minimum floor tariff.
Accordingly, AERA allowed DIAL to charge the rates equivalent to BAC+10% of BAC effective from 01 December 2018.
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