AAI hikes spend by 25 per cent on capex

01 Feb 2024 CW Team

Airport Authority of India (AAI) plans to spend Rs.50 billion annually on capital expenditure in the coming years with a strong pipeline of projects, Sanjeev Kumar, Chairman, AAI, said. While new terminals are being built and capacity is being expanded at various airports to handle extra flights, AAI is also working on a roadmap for expansion of Agatti airport in Lakshadweep.

He said that as against the capex target of Rs.40 billion in FY 2023-24, AAI till December 2023 has achieved capex of Rs.34.16 billion. He said that it will be surpassing the target of Rs.40 billion and touch a capex of Rs.50 billion or more. The authority is building new terminals at airports in Patna, Leh, Vijayawada and Tuticorin and has started construction of new terminal buildings in Jodhpur, Udaipur, Jammu and Rajahmundry.

He said that AAI is adding a new terminal building in Hubli, Belagavi and Kadapa Airport. He added that investment proposals to expand the capacity of terminals and airside is also in the pipeline for Keshod in Gujarat, Agra, Ayodhya Phase-II and Varanasi in Uttar Pradesh, Bagdogra in West Bengal and Darbhanga in Bihar.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..