RS 27.84 crore dividend handed over to Kerala govt by CIAL

: Cochin International Airport Ltd today handed over the state's share of dividend, totalling Rs 27.84 crore for 2015-16 fiscal.

The demand draft for the amount was handed over to Chief Minister Pinarayi Vijayan by Water Resources Minister Mathew T Thomas, who is also a director of the airport company.

In the 2015-16 financial year, CIAL's income had touched Rs 524.5 crore and the profit after tax was Rs 175.22 crore, a CIAL press release said.

From 2004-05, the company had been handing over the state share without fail.

The shareholders have been given a dividend of 25 per cent during the fiscal.