Thursday, October 08, 2015

Court Rules Favourably on Hyderabad Airport Tariff Petition: GMR

New Delhi: GMR Infrastructure on Thursday said the Andhra Pradesh High Court has allowed collection of tariff at the Hyderabad International Airport, as was collected earlier.

The airport is operated by GMR Hyderabad International Airport Ltd (GHIAL), part of the GMR group.

According to a regulatory filing by GMR, GHIAL had filed a writ petition with High Court at Hyderabad, seeking approval to collect tariff/airport charges as was being collected prior to April 1, 2014.

The writ petition was filed pursuant to the policy direction by the Civil Aviation Ministry to adopt 'hybrid till' with 30 per cent cross subsidisation for Hyderabad airport and pending compliance, the filing to the BSE said.
08/10/15 NDTV
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