Airports Authority of India pays Rs 171.90 cr dividend

Mini-ratna public sector undertaking (PSU) Airports Authority of India today paid a dividend of Rs 171.90 crore to Civil Aviation Minister Ajit Singh, who received it on behalf of the government. During the last fiscal (2011-12), AAI had paid a dividend of Rs 169.30 crore and earned a revenue of Rs 5,879 crore against Rs 5,139 crore in 2010-11, AAI said in a statement.

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The state-owned airport operator has earned profit before tax of Rs 1,364 crore against previous year's Rs 1,346 crore. The dividend paid by the AAI to the government has gone up from Rs 169.40 crore in 2010-11 to Rs 171.90 crore in 2011-12, the statement said.

The AAI has spent Rs 2,095 crore on modernising airport terminals, passenger facilities and air traffic and navigational aids in the FY 2011-12 against Rs 2,503 crore in 2010-11. AAI Chairman V P Agarwal presented the cheque of Rs 171.90 crore to the Civil Aviation Minister.