Corporate Announcement
Security Code : 532754    Company : GMRINFRA    
 
Intimation Under SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015Download PDFDownload XBRL
  Exchange Received Time  20/11/2018 08:38:19         Exchange Disseminated Time   20/11/2018 08:38:22              Time Taken   00:00:03
GMR Infrastructure Limited has informed the exchange in relation to the Company's Subsidiary Delhi International Airport Limited (DIAL), the Airport Economic Regulated Authority of India (AERA) vide its Order no.30/2018-19 dated November 19, 2018 in terms of Concession granted to DIAL has recognized and confirmed DIAL's contractual right to Base Airport Charges (BAC)+ 10% of BAC in any year of the Concession Term which acts as minimum floor tariff.

Accordingly, AERA allowed DIAL to charge the rates equivalent to BAC+10% of BAC effective from 1st December 2018.
 

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