Bial

BIAL raises ₹9,000 crore through unlisted NCDs to fund airport expansion

Bangalore International Airport Limited (BIAL) -- the joint venture company operating Bengaluru Airport -- on Friday said it has completed the issuance of unlisted non-convertible debentures (NCDs) worth Rs 9,000 crore. The transaction is being undertaken in two tranches -- Rs 4,362 crore completed on July 25 and Rs 4,638 crore scheduled for early October this year -- BIAL said in a statement. "BIAL has successfully concluded the largest unlisted private placement of non-convertible debentures (NCDs) in India's airport sector, raising a total of Rs 9,000 crore. With a 15-year tenure, the refinancing allows the company to conserve capital and focus resources on funding future expansion plans," it said. The transaction witnessed overwhelming investor demand across the spectrum, including banks, insurance companies, infrastructure debt funds (IDFs), and public financial institutions (PFIs), reflecting the market's strong belief in BIAL's long-term vision and governance, it stated. The

Air cargo seeing phenomenal growth amid Red Sea crisis: BIAL COO Satyaki

Alongside strong cargo performance, he discussed rising Digi Yatra adoption among domestic travelers and the airport awaiting regulatory guidance to deploy full-body scanners

Already domestic hub, expecting to become global hub in 15 yrs: BIAL COO

He said it is not right to compare Indian airports to the airports in city-states (such as Singapore) as they are only carrying international traffic

Air India, BIAL sign agreement to develop Bengaluru airport as hub

According to Cirium, the Bengaluru airport presently manages approximately 5,145 flights per week. Tata-run airlines operate 1,538 of these flights weekly to and from Bengaluru airport

Air India, BIAL sign MoU to develop Bengaluru as premier aviation hub

The partnership is aimed at expanding air connectivity as well as building maintenance, repair and overhaul (MRO) facilities at the Bengaluru airport

BIAL incurs net loss of Rs 356 crore in FY22 due to Covid-19 impact

The financial performance of BIAL is registering strong growth as passenger volumes in recent months have gone back to pre-Covid levels

Fairfax not exiting Bengaluru airport, has 'no interest' in selling stake

Company-owned by Canadian billionaire responds to a media report about the sale

172 workers at 56 airports found drunk on duty between Jan-July: DGCA

However, Bengaluru airport's operator BIAL gave a different set of data to Business Standard

Fairfax to list Anchorage, its vehicle for airport and other infra funding

Bangalore Airport reports $66.8 million loss against in 2020 against profit of $53.8 million in 2019

Virgin Hyperloop: Banking on Bengaluru's young population and growth

Naushad Oomer, Director of Operations - India, Virgin Hyperloop tells Business Standard about the proposed ambitious project and its future tie-ups

BIAL, Virgin sign MoU to study viable hyperloop corridor from city airport

The pre-feasibility study, which focuses on technical, economic and route feasibility, is expected to be completed in two phases of six months each, the release said

BIAL achieves financial closure for Rs 13,352 cr second phase expansion

The operator of Bengaluru airport raised Rs 10,206 crore in debt from SBI, Axis Bank and others

BIAL to invest $2 bn for creating infrastructure to cater to 65 mn flyers

Bengaluru airport caters to 20 million passengers now

BIAL plan to raise Rs 70 bn in debt from banks to fund expansion plan

BIAL's traffic level has reached 27 million passengers per annum, well beyond its present capacity of 20 million