AAI's Record Profit: Rs.50 Bn in 2023-24

05 Apr 2024 CW Team

The Airports Authority of India (AAI) has achieved a historic milestone by posting its highest-ever profit of ?50 billion in the fiscal year 2023-24. This significant accomplishment underscores the AAI's robust financial performance and effective management strategies amidst challenging economic conditions.

The record-breaking profit reflects the AAI's relentless efforts to enhance operational efficiency, optimise resources, and capitalise on emerging opportunities in the aviation sector. Despite facing various headwinds, including the impact of the COVID-19 pandemic on air travel, the AAI has demonstrated resilience and adaptability in achieving remarkable financial success.

The substantial profit generated by the AAI is expected to have positive implications for the development and expansion of India's aviation infrastructure. It provides a strong financial foundation for undertaking crucial infrastructure projects, modernising existing airports, and enhancing passenger amenities across the country.

The AAI's unprecedented profit also signifies its pivotal role in driving the growth and sustainability of the aviation industry in India. As a key stakeholder in the sector, the AAI plays a crucial role in facilitating air travel, promoting regional connectivity, and supporting economic development nationwide.

Looking ahead, the AAI remains committed to furthering its mission of providing world-class airport infrastructure and services while maintaining profitability and financial stability. With a strong financial performance in 2023-24, the AAI is well-positioned to continue its contribution to the growth and progress of India's aviation sector.

Infrastructure Urban

17 Sep 2025

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..