Business Standard

Airports Authority of India plans Rs 4,000-cr capital expenditure in FY24

Building 2 greenfield airports, upgrading 23 existing ones

Airport
Premium

Deepak PatelAneesh Phadnis New Delhi/Mumbai

Listen to This Article

The Airports Authority of India (AAI) plans to spend Rs 4,000 crore in 2023-24 (FY24) to build two greenfield airports and upgrade 23 existing ones.
 
The planned capital expenditure (capex) will assist those Indian carriers that plan to add more than 130 planes in FY24 to handle the country’s air traffic boom. However, the FY24 capex will be 22.71 per cent lesser than the preceding financial year’s Rs 5,175 crore.
 
When asked if it plans to raise funds externally to support its capex plan for FY24, the AAI responded that “most capex” for the current financial year is

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 20 2023 | 6:24 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com