Even as it faced increased cost on part of operations and modernisation of facilities, state-owned Airports Authority of India (AAI) Monday paid a final dividend of Rs.147 crore to the government for 2012-13.
In 2011-12, the state-owned company had paid a final dividend of Rs.171.90 crore to the government. It cited economic constraints such as increase in operating, security expenses and substantial investment in infrastructure creation for the downslide in the dividend this year.
"The closure of Kingfisher Airlines has also impacted the revenue of AAI," the State-owned company said in a statement.
"In the process of modernising its airport terminals, passenger's facilities and air traffic and navigational aids, AAI spent a sum of Rs.1,800 crore in the year 2012-13."
According to AAI, its gross revenues in the period under review grew by 17.65 percent at Rs.6,917 crore from Rs.5,879 crore in 2011-12.